India's net direct tax collections rise 13.21% to Rs 13.38 lakh crore till October 14 of FY27

India's net direct tax collections rose 13.21% year-on-year to Rs 13.38 lakh crore as of October 14 of financial year 2026-27, according to data released by the Income Tax department on Thursday.

Gross direct tax collections increased 14.89% to Rs 16.03 lakh crore during the period, while refunds issued stood at Rs 2.65 lakh crore, up 24.22% from the year-ago period.

Net corporate tax collections rose to Rs 5.99 lakh crore from Rs 4.97 lakh crore a year earlier, while net non-corporate tax collections increased to Rs 6.92 lakh crore from Rs 6.54 lakh crore.


Net collections from the Securities Transaction Tax (STT) climbed to Rs 46,840.43 crore, compared with Rs 30,901.81 crore in the corresponding period last year.

Net collections under other taxes were negative at Rs 1.64 crore, against positive collections of Rs 282.39 crore a year earlier.

On a gross basis, corporate tax collections rose to Rs 7.53 lakh crore from Rs 6.44 lakh crore in the year-ago period. Gross non-corporate tax collections increased to Rs 8.03 lakh crore from Rs 7.20 lakh crore, while gross STT collections stood at Rs 46,840.43 crore, up from Rs 30,901.81 crore.

Gross collections under other taxes stood at Rs 18.87 crore, compared with Rs 301.22 crore in the same period last year.

The data showed that total direct tax collections before refunds increased to Rs 16.03 lakh crore as of October 14 this year, from Rs 13.95 lakh crore in the year-ago period.

The figures include taxes paid by companies as well as individuals, Hindu Undivided Families (HUFs), firms, associations of persons (AoPs), bodies of individuals (BoIs), local authorities and artificial juridical persons.