India’s net direct tax collections have recorded a year-on-year growth of 11.76% to ₹14,41,978.91 crore (₹14.42 lakh crore) during the period April 1 to November 10, 2026, as against ₹12,90,204.10 crore during the corresponding period of FY 2025-26, according to the latest provisional collection data of the Income Tax Department.
Gross Direct Tax Collections Increase by 14.02%: The gross direct tax collections, before adjustment of refunds, increased to ₹17,50,285.89 crore (₹17.50 lakh crore) as on November 10, 2026, compared to ₹15,35,076.31 crore during the corresponding period of the previous financial year, registering a growth of 14.02%. The increase indicates sustained growth in direct tax receipts during the current financial year.
Net Corporate Tax Collections Witness Robust Growth of 17.84%: Net corporate tax collections increased significantly to ₹6,31,959.53 crore (₹6.32 lakh crore) in FY 2026-27, compared to ₹5,36,285.79 crore in FY 2025-26, reflecting a growth of approximately 17.84%. Gross corporate tax collections also increased to ₹8,01,471.71 crore from ₹6,91,010.61 crore during the corresponding period.
Non-Corporate Tax Collections Rise by 5.30%: 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 other specified entities, increased to ₹7,55,944.96 crore (₹7.56 lakh crore) from ₹7,17,922.31 crore, registering a growth of approximately 5.30%. Gross non-corporate tax collections stood at ₹8,94,716.18 crore, compared to ₹8,08,049.19 crore in the corresponding period of FY 2025-26.
Securities Transaction Tax Collections Surge by 51.56%: Collections from Securities Transaction Tax (STT) registered a substantial increase of approximately 51.56%, reaching ₹54,077.90 crore as on November 10, 2026, against ₹35,681.88 crore collected during the corresponding period of the previous financial year. This represents a significant increase in STT revenue during the period under review.
Direct Tax Refunds Increase by 25.91%: Total direct tax refunds issued during April 1 to November 10, 2026, stood at ₹3,08,306.98 crore (₹3.08 lakh crore), compared to ₹2,44,872.21 crore in the corresponding period of FY 2025-26, reflecting an increase of 25.91%. Corporate tax refunds stood at ₹1,69,512.18 crore, while non-corporate tax refunds amounted to ₹1,38,771.22 crore.
Over 53% of Annual Direct Tax Budget Target Achieved: Against the stated Budget Estimate of ₹26.97 lakh crore for direct tax collections in FY 2026-27, the Government has collected approximately ₹14.42 lakh crore on a net basis as on November 10, 2026, representing around 53.47% of the annual target. The figures reflect the progress of direct tax collections during the first seven months and ten days of the current financial year.
Overall Direct Tax Collection Trends: The provisional figures indicate positive growth across major direct tax revenue categories, with corporate tax collections recording stronger growth than non-corporate tax collections. The substantial increase in STT collections and higher refunds are also notable features of the collection data for FY 2026-27.
The Data can be accessed at: https://www.incometaxindia.gov.in/documents/d/guest/collection-data-as-on-10-11-2026-pdf
