India tax chairman says hopeful of meeting FY26 collection target

NEW DELHI (Reuters) -India is confident of meeting its direct tax collection target of 25.2 trillion rupees ($284.39 billion) for this financial year, Ravi Agrawal, chairman of the Central Board of Direct Taxes said on Monday.

India’s net direct tax collection rose 7% year-on-year to 12.9 trillion rupees from April 1 to November 10, 2025.

($1 = 88.6100 Indian rupees)

(Reporting by Nikunj Ohri, writing by Tanvi Mehta)