India’s net direct tax collections registered a growth of 13.21%, reaching ₹13.38 lakh crore as on October 14, 2026, compared to ₹11.82 lakh crore during the corresponding period of FY 2025–26, according to the latest direct tax collection data. Gross direct tax collections increased by 14.89% to ₹16.03 lakh crore, against ₹13.95 lakh crore in the previous year, reflecting strong revenue mobilisation from corporate tax, non-corporate tax and Securities Transaction Tax (STT).
Corporate Tax Collections Register Strong Growth: Net corporate tax collections increased to ₹5.99 lakh crore, compared to ₹4.97 lakh crore during the corresponding period of FY 2025–26, registering an increase of approximately 20.59%. Gross corporate tax collections also rose to ₹7.53 lakh crore from ₹6.44 lakh crore in the previous year. The growth in corporate tax receipts contributed significantly to the overall increase in direct tax revenues during the current financial year.
Non-Corporate Tax Collections Reach ₹6.92 Lakh Crore: Net non-corporate tax collections, comprising taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities and artificial juridical persons, increased to ₹6.92 lakh crore, compared to ₹6.54 lakh crore during the corresponding period of the previous financial year. Gross non-corporate tax collections also increased to ₹8.03 lakh crore, against ₹7.20 lakh crore in FY 2025–26.
Securities Transaction Tax Collections Jump Over 51%: Securities Transaction Tax (STT) collections recorded significant growth, increasing to ₹46,840.43 crore, compared to ₹30,901.81 crore during the corresponding period of FY 2025–26, representing an increase of approximately 51.58%. The substantial rise in STT collections was another notable contributor to the overall growth in direct tax revenues.
Income Tax Refunds Increase 24.22% to ₹2.65 Lakh Crore: Total direct tax refunds issued during FY 2026–27 up to October 14, 2026, increased by 24.22% to ₹2.65 lakh crore, compared to ₹2.13 lakh crore during the corresponding period of the previous financial year. Corporate tax refunds increased to ₹1.54 lakh crore from ₹1.47 lakh crore, while non-corporate tax refunds rose to ₹1.11 lakh crore from ₹66,549.75 crore, indicating a substantial increase in refunds issued to non-corporate taxpayers.
Overall Direct Tax Revenue Performance: The latest figures indicate sustained growth in India’s direct tax collections during the first half of FY 2026–27 and the subsequent period up to October 14, 2026. While gross collections increased by 14.89%, higher refunds resulted in net collection growth of 13.21%. The strong performance of corporate tax, non-corporate tax and STT collections highlights positive revenue mobilisation, notwithstanding the significant increase in refunds.
The Data can be accessed at: https://www.incometaxindia.gov.in/documents/d/guest/direct_tax_data_14_10_2026-pdf
