Net Direct Tax Collections Rise 13.21% to Rs 13.38 Lakh Crore so Far in FY27
Corporate, non-corporate and securities transaction tax receipts drove the increase, with net direct tax collections up 13.21%, the Income Tax Department said.
- India's net direct tax collections rose 13.21% to Rs 13.38 lakh crore as of October 14 in FY2026-27, according to data released by the Income Tax Department on Thursday.
- Gross direct tax collections increased 14.89% to Rs 16.03 lakh crore during the same period, driven by higher corporate, non-corporate, and Securities Transaction Tax contributions.
- Net corporate tax collections reached Rs 5.99 lakh crore, while net non-corporate tax collections, including Hindu Undivided Families, rose 5.84% to Rs 6.92 lakh crore.
- Refunds rose 24.22% to Rs 2.65 lakh crore compared to the year-ago period, partially offsetting gross collection gains and constraining net growth.
- Net collections from the Securities Transaction Tax climbed to Rs 46,840.43 crore from Rs 30,901.81 crore last year, reflecting robust capital market activity during the first half of FY27.
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Net direct tax collections rise 13.21% to Rs 13.38 lakh crore so far in FY27
India's net direct tax collections rose 13.21 per cent year-on-year to Rs 13.38 lakh crore as of October 14 in the financial year 2026-27, according to data released by the Income Tax Department, with refunds rising at a faster pace and gross collections increasing 14.89 per cent during the period.
Net direct tax collections rise 13.21% to Rs 13.38 lakh crore till Oct 14 in FY27
India Net Direct Tax Collections: India's net direct tax collections rose 13.21% to Rs 13.38 lakh crore by October 14, 2026, despite a sharp increase in tax refunds, indicating strong financial year growth according to Income Tax Department data.
The Economic Times
Times of IndiaIndia's net direct tax collections rise 13.21% to Rs 13.38 lakh crore till October 14 of FY27
Indias net direct tax collections rose 13.21% year-on-year to Rs 13.38 lakh crore as of October 14 in FY27, while gross collections increased 14.89% to Rs 16.03 lakh crore. Refunds rose 24.22% to Rs 2.65 lakh crore. Net corporate tax, non-corporate tax and Securities Transaction Tax collections also increased.
Mumbai, Oct 15 (IANS) India's net direct tax collection has risen 13.21 per cent to Rs 13.38 lakh crore till October 14 in the current financial year 2026-27. According to data released by the Income Tax Department on Thursday, this increase was due to increase in revenue from corporate tax, non-corporate tax and securities transaction tax (STT). Gross direct tax collection before adjusting for refunds rose 14.89 per cent to Rs 16.03 lakh crore,…
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