India's Net Direct Tax Collection Rises 13.21% To ₹13.38 Lakh Crore, Gross Tax Revenue Jumps 14.89% To ₹16.03 Lakh Crore

India's net direct tax collections rose by 13.21 percent to ₹13.38 lakh crore in the fiscal year 2026-27, as of October 14, 2026. This represents an increase from ₹11.82 lakh crore during the same period last year. The gross direct tax collections climbed 14.89 percent to ₹16.03 lakh crore, up from ₹13.95 lakh crore. This growth was driven by increases in corporate taxes, non-corporate taxes, and securities transaction tax (STT).

Corporate tax collections saw a rise to ₹5.99 lakh crore, up from ₹4.97 lakh crore during the same period of the previous fiscal year. Gross corporate tax collections were recorded at ₹7.53 lakh crore, compared to ₹6.44 lakh crore in the prior year. Notably, non-corporate tax revenue also grew, reaching ₹6.92 lakh crore, an increase from ₹6.54 lakh crore.

This growth came from taxes paid by individuals, Hindu Undivided Families (HUFs), firms, and other entities. Overall, direct tax collections increased by 8 percent from April to December 2026.

Securities Transaction Tax collections surged significantly, reaching ₹46,840.43 crore, up from ₹30,901.81 crore in the same period last year. This increase underscores stronger STT receipts, contributing to the overall rise in direct tax revenue. Tax refunds also saw a substantial jump of 24.22 percent, reaching ₹2.65 lakh crore, compared to ₹2.13 lakh crore in the previous year. Despite the increase in refunds, net direct tax collections continued to exhibit double-digit growth.