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Income Tax

Net Direct Tax Collections Rise 13.21% as on 14 October 2026

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Summary: Direct tax collections for FY 2026-27, as on 14 October 2026, recorded year-on-year growth in both gross and net receipts. Gross collections stood at ₹16,03,066.12 crore, compared with ₹13,95,278.39 crore during the corresponding period of FY 2025-26, registering growth of 14.89%. Refunds increased by 24.22% to ₹2,65,199.14 crore from ₹2,13,491.41 crore. After refunds, net direct tax collections reached ₹13,37,866.98 crore against ₹11,81,786.98 crore a year earlier, reflecting growth of 13.21%. Within gross collections, corporate tax contributed ₹7,52,961.56 crore, non-corporate tax ₹8,03,245.26 crore and Securities Transaction Tax (STT) ₹46,840.43 crore. Gross receipts under other taxes were ₹18.87 crore. Corporate tax refunds amounted to ₹1,53,899.08 crore, while non-corporate tax refunds stood at ₹1,11,279.55 crore. No STT refunds were recorded; refunds under other taxes amounted to ₹20.51 crore. Net corporate tax collections were ₹5,99,062.48 crore, compared with ₹4,96,798.62 crore in the corresponding previous-year period. Net non-corporate tax collections increased to ₹6,91,965.71 crore from ₹6,53,804.16 crore, while net STT collections rose from ₹30,901.81 crore to ₹46,840.43 crore. Net collections under other taxes were negative at ₹1.64 crore. The statement identifies TINMIS as its source and clarifies that non-corporate tax includes taxes paid by individuals, HUFs, firms, AoPs, BoIs, local authorities and artificial juridical persons.

Direct Tax Collections for F.Y. 2026-27 (as on 14.10.2026)

(Rs. In Crore)

 
FY 2025-26 (as on 14.10.2025)
FY 2026-27 (as on 14.10.2026)
 
 
Corpor ate Tax (CT)
Non Corpo rate Tax (NCT)
Securit ies Transa ction Tax (STT)
Other taxes (OT)
Total
Corporate Tax (CT)
Non* Corpor ate Tax (NCT)
Securities Transa ction Tax (STT)
Other taxes (OT)
Total
Percen tage Growth
Gross Collec tion
6,43,72 1.45
7,20,353 .91
30,901.81
301.22
13,95,278 .39
7,52,961 .56
8,03,245. 26
46,840.43
18.87
16,03,066. 12
14.89%
Refunds
1,46,9 22.83
66,549.75
0.00
18.83
2,13,491.41
1,53,899 .08
1,11,279.  55
0.00
20.51
2,65,199. 14
24.22%
Net  Colle ction
4,96,79 8.62
6,53,80 4.16
30,901.81
282.39
11,81,786. 98
5,99,062 .48
6,91,965  .71
46,840.43
-1.64
13,37,866. 98
13.21%

Source: TINMIS

* NCT includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial Juridical Person

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