Net direct tax collections rose 13.21% year-on-year to ₹13.38 lakh crore between April 1 and October 14 in the current financial year, driven by a strong increase in corporate tax receipts, according to government data released on Thursday.
Net collections stood at ₹11.82 lakh crore in the corresponding period of the previous financial year.
Corporate tax collections, after adjusting for refunds, rose 20.58% to ₹5.99 lakh crore during the period, compared with ₹4.97 lakh crore a year earlier. Non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities, increased 5.83% to ₹6.92 lakh crore from ₹6.54 lakh crore.
Securities transaction tax (STT) collections rose sharply by around 52% to ₹46,840 crore as of October 14, compared with ₹30,902 crore in the year-ago period.
Gross collections rise nearly 15%
Gross direct tax collections, before adjusting for refunds, increased 14.89% to ₹16.03 lakh crore during the period, against ₹13.95 lakh crore a year earlier.
Gross corporate tax collections rose to ₹7.53 lakh crore from ₹6.44 lakh crore, while non-corporate tax collections increased to ₹8.03 lakh crore from ₹7.20 lakh crore.
The increase in gross collections was accompanied by a faster rise in refunds. Refund issuances climbed 24.22% year-on-year to ₹2.65 lakh crore as of October 14, compared with ₹2.13 lakh crore in the corresponding period last year.
Refunds rise 24.2% to ₹2.65 lakh crore
Corporate tax refunds rose to ₹1.54 lakh crore from ₹1.47 lakh crore, while non-corporate tax refunds increased to ₹1.11 lakh crore from ₹66,550 crore.
The data showed that corporate tax receipts were the main driver of growth in net direct tax collections so far in FY27. Net corporate tax collections increased 20.58%, outpacing the 5.83% growth in non-corporate tax collections.
The figures cover direct tax collections from April 1 to October 14, 2026, and reflect collections after accounting for refunds issued during the period.