Net direct tax collections in India have increased by 13.21% year-on-year, reaching ₹13.38 lakh crore as of October 14, 2026. This growth reflects a rise from ₹11.82 lakh crore collected during the same period in the previous financial year, indicating a positive trend in the country's tax revenue.
- Net direct tax collections grew 13.21% to ₹13.38 lakh crore by October 14, 2026.
- Gross direct tax collections rose 14.89% to ₹16.03 lakh crore during April 1–October 14, 2026.
- Refunds issued increased 24.22% to ₹2.65 lakh crore in the same period.
- Net corporate tax collections rose to ₹5.99 lakh crore from ₹4.97 lakh crore.
- Non-corporate tax collections increased to ₹6.92 lakh crore from ₹6.54 lakh crore.
- Securities transaction tax collections increased to ₹46,840 crore from ₹30,902 crore.
What are net direct tax collections?
Net direct tax collections refer to the total amount of direct taxes collected by the government after deducting refunds paid to taxpayers. These taxes include corporate tax, income tax from individuals, and other direct taxes paid by various entities.
How much did gross direct tax collections increase?
Gross direct tax collections, which represent the total tax collected before refunds, rose by 14.89% to ₹16.03 lakh crore during the period from April 1 to October 14, 2026. This is an increase from ₹13.95 lakh crore collected in the same period last year.
Why did refunds increase during this period?
Refunds issued by the government increased by 24.22%, reaching ₹2.65 lakh crore compared to ₹2.13 lakh crore in the previous year. This rise in refunds can be due to various factors such as adjustments for excess tax payments, tax credits, or changes in tax policies.
What are the trends in corporate and non-corporate tax collections?
Net corporate tax collections increased significantly to ₹5.99 lakh crore from ₹4.97 lakh crore a year earlier. Non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, associations of persons, bodies of individuals, and local authorities, also rose to ₹6.92 lakh crore from ₹6.54 lakh crore.
How did securities transaction tax collections perform?
Collections from securities transaction tax (STT) increased to ₹46,840 crore from ₹30,902 crore in the previous year, showing a strong growth in this segment of tax revenue.
Frequently Asked Questions
Q: What is the difference between gross and net direct tax collections?
A: Gross direct tax collections are the total taxes collected before any refunds are issued. Net direct tax collections are the amount remaining after deducting refunds paid to taxpayers.
Q: What entities contribute to non-corporate tax collections?
A: Non-corporate tax collections come from individuals, Hindu Undivided Families (HUFs), firms, associations of persons, bodies of individuals, and local authorities.
Q: Why is the increase in refunds significant?
A: A rise in refunds indicates that more taxpayers are receiving adjustments or returns of excess tax paid, which can affect the net tax revenue collected by the government.
