Indias Direct Tax Collection Sees 13.2% Growth in FY 2026-27
Indias net direct tax collection rose to ₹13.38 lakh crore in FY 2026-27, marking a significant increase driven by corporate and non-corporate taxes.
Mumbai, October 15 (Udaipur Kiran) : India’s net direct tax collection has reached ₹13.38 lakh crore for the financial year 2026-27 as of October 14, marking a growth of 13.21% compared to the previous year. The increase, reported by the Income Tax Department, is attributed to higher revenues from corporate tax, non-corporate tax, and securities transaction tax (STT).
Before accounting for refunds, the gross direct tax collection surged by 14.89% to ₹16.03 lakh crore, up from ₹13.95 lakh crore during the same period last year. Notably, refunds issued by the Income Tax Department also saw a significant rise, increasing by 24.22% to ₹2.65 lakh crore from ₹2.13 lakh crore a year earlier.
The net corporate tax collection climbed to ₹5.99 lakh crore, compared to ₹4.97 lakh crore in the previous year. Similarly, the net collection from non-corporate taxes, which include taxes paid by individuals and other non-corporate entities, rose to ₹6.92 lakh crore from ₹6.54 lakh crore.
STT collections also experienced robust growth, with net STT collection reaching ₹46,840.43 crore, up from ₹30,901.81 crore in the same period last year. However, net collections in other tax categories turned negative, falling to -₹1.64 crore from ₹282.39 crore a year prior.
On a gross basis, corporate tax collections increased to ₹7.53 lakh crore, up from ₹6.44 lakh crore in the previous financial year. Similarly, gross non-corporate tax collections rose from ₹7.20 lakh crore to ₹8.03 lakh crore.
The government has clarified that the direct tax collection figures encompass taxes paid by companies, individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AOPs), Bodies of Individuals (BOIs), local authorities, and artificial judicial persons.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
