India’s Net Direct Tax Collections Rise 13.21% to ₹13.38 Lakh Crore in FY 2026-27

India’s net direct tax collections increased 13.21% year-on-year to ₹13.38 lakh crore as of October 14, 2026, in FY 2026-27. Gross collections rose 14.89% to ₹16.03 lakh crore, while tax refunds surged 24.22% to ₹2.65 lakh crore, partially offsetting the growth in net revenue.

India’s net direct tax collections increased by 13.21% year-on-year to ₹13.38 lakh crore as of October 14, 2026, according to data released by the Income Tax Department. Gross direct tax receipts grew by 14.89% to ₹16.03 lakh crore, while total refunds increased by 24.22% to ₹2.65 lakh crore, moderating the growth in net collections.

Net corporate tax collections reached ₹5.99 lakh crore, compared with ₹4.97 lakh crore in the corresponding period of the previous financial year. Net non-corporate tax receipts, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities, rose to ₹6.92 lakh crore from ₹6.54 lakh crore.

Securities Transaction Tax (STT) collections also recorded an increase, reaching ₹46,840.43 crore against ₹30,901.81 crore a year earlier. Meanwhile, non-corporate tax refunds rose significantly to ₹1.11 lakh crore from ₹66,549.75 crore, while corporate tax refunds increased to ₹1.54 lakh crore.

The figures reflect the growth in direct tax receipts during FY 2026-27 up to October 14, with higher refunds partially offsetting the increase in gross collections. CASansaar