New Delhi, 15 October (H.S.): India’s net direct tax collections rose 13.21 per cent year-on-year to approximately Rs 13.38 lakh crore between April 1 and October 14 in the current financial year 2026–27, driven by strong growth in corporate tax receipts.

According to data released by the Income Tax Department, net corporate tax collections increased by 20.58 per cent to more than Rs 5.99 lakh crore during the period. Meanwhile, non-corporate tax collections, which include taxes paid by individuals, firms and Hindu Undivided Families (HUFs), grew by 5.83 per cent to approximately Rs 6.92 lakh crore.

The department’s figures also showed that Securities Transaction Tax (STT) collections surged by 52 per cent to Rs 46,840 crore up to October 14 in FY 2026–27.

During the same period, tax refunds increased by 24.22 per cent year-on-year to Rs 2.65 lakh crore.

On a gross basis, direct tax collections rose by 15 per cent to Rs 16.03 lakh crore as of October 14. This comprised corporate tax collections of Rs 7.53 lakh crore and non-corporate tax collections of Rs 8.03 lakh crore.

The latest figures reflect the overall growth in direct tax receipts during the first half of the financial year, with corporate tax collections emerging as a key contributor to the increase in net revenue.

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Hindusthan Samachar / Jun Sarkar