New Delhi – India's net direct tax collections have demonstrated robust growth, climbing 23.09% year-on-year to reach ₹8,11,324.51 crore as of August 10, 2026. This significant increase from ₹6,59,114.03 crore in the corresponding period of the previous fiscal year highlights a strong start to the financial year 2026-27, according to recent government data.
Strong Growth Across Key Tax Categories
The overall gross direct tax collections stood at ₹9,54,775.91 crore by August 10, 2026, marking a 19.75% rise compared to ₹7,97,327.83 crore recorded during the same period in FY 2025-26. This impressive growth was fueled by substantial increases across various tax components:
- Corporate Tax (CT): Collections reached ₹3,80,108.34 crore, an increase of approximately 14.3% from ₹3,32,428.74 crore a year earlier.
- Non-Corporate Tax (NCT): This category, which includes taxes from individuals, Hindu Undivided Families (HUFs), firms, and other entities, surged over 22% to ₹5,40,829.50 crore, up from ₹4,42,261.82 crore.
- Securities Transaction Tax (STT): STT collections saw a remarkable jump of nearly 51%, rising to ₹33,823.74 crore from ₹22,354.31 crore.
However, collections under 'Other Taxes' witnessed a significant decline, falling from ₹282.96 crore to a mere ₹14.33 crore.
Refunds and Net Collections
During this period, the government issued tax refunds totaling ₹1,43,451.40 crore, which represents a 3.79% increase from ₹1,38,213.80 crore issued in the previous year. Despite the rise in refunds, the strong performance in gross collections ensured a substantial increase in net direct tax receipts.
After accounting for these refunds, the net corporate tax collections amounted to ₹2,70,488.71 crore, while net non-corporate tax collections reached ₹5,07,012.92 crore. Net STT contributed ₹33,823.74 crore to the overall net collections.
These figures underscore the sustained momentum in direct tax revenues, particularly notable in non-corporate tax and securities transaction tax, pointing to a healthy financial outlook for the government in the initial months of FY 2026-27.