Media365
India’s net direct tax collections increased 16.4 per cent year-on-year to Rs 6.51 lakh crore as of July 13, 2026, driven by robust growth in both corporate and non-corporate tax receipts despite a sharp rise in tax refunds, according to the latest data released by the Income Tax Department.
Net direct tax collections stood at Rs 5.59 lakh crore during the corresponding period last year.
The growth was led by a healthy increase in corporate tax receipts. Net corporate tax collections rose to Rs 2.40 lakh crore, compared with Rs 1.97 lakh crore in the same period a year ago.
Meanwhile, net non-corporate tax collections—which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities and artificial juridical persons—increased to Rs 3.85 lakh crore from Rs 3.44 lakh crore a year earlier.
Collections from the Securities Transaction Tax (STT) also recorded strong growth, rising to Rs 26,429 crore from Rs 17,876 crore in the year-ago period, reflecting sustained activity in the capital markets.
However, net collections under the ‘other taxes’ category turned marginally negative at Rs 2.02 crore, compared with Rs 269.45 crore in the corresponding period of the previous financial year.
On a gross basis, direct tax collections climbed 16.11 per cent year-on-year to Rs 7.74 lakh crore, up from Rs 6.66 lakh crore recorded as of July 13, 2025.
Gross corporate tax collections rose to Rs 3.35 lakh crore from Rs 2.90 lakh crore, while gross non-corporate tax collections increased to Rs 4.12 lakh crore from Rs 3.58 lakh crore. STT collections also remained higher at Rs 26,429 crore, compared with Rs 17,876 crore a year earlier.
The government issued tax refunds worth Rs 1.22 lakh crore during the period, a 14.57 per cent increase over Rs 1.07 lakh crore refunded during the same period of the previous financial year.
Of the total refunds, corporate tax refunds stood at Rs 95,145 crore, while non-corporate tax refunds amounted to Rs 27,333 crore.
The latest figures suggest that tax revenues continue to remain on a strong footing in the opening months of FY27, supported by steady economic activity, improved tax compliance and healthy earnings across businesses and individuals, even as the government accelerates the processing of tax refunds.
