Net Direct Tax Collection Rises 13.21% to Rs 13.38 Lakh Crore Till October 14

Net direct tax collection rose 13.21 per cent year-on-year to around Rs 13.38 lakh crore between April 1 and October 14 in the current financial year, driven primarily by a strong increase in corporate tax receipts, according to provisional data.

Net corporate tax collection grew 20.58 per cent to over Rs 5.99 lakh crore during the period, reflecting a significant rise in revenue from companies. In comparison, non-corporate tax collection, which includes taxes paid by individuals, firms and Hindu Undivided Families (HUFs), increased 5.83 per cent to approximately Rs 6.92 lakh crore.

The data also showed a sharp increase in receipts from the Securities Transaction Tax (STT), which surged 52 per cent to Rs 46,840 crore till October 14 of the 2026-27 financial year.

Meanwhile, tax refunds issued by the government rose 24.22 per cent year-on-year to Rs 2.65 lakh crore during the period, indicating a substantial increase in refunds disbursed to taxpayers.

On a gross basis, direct tax collection, before adjusting for refunds, increased 15 per cent to Rs 16.03 lakh crore between April 1 and October 14. The gross collection comprised corporate tax receipts of Rs 7.53 lakh crore and non-corporate tax collection of Rs 8.03 lakh crore.