Direct tax collection increases by 14 per cent

According to government data, during the period of financial year 2026-27 (up to November 10), a year-on-year increase of 14.02 per cent was recorded in total direct tax collection. As per a report by Hindustan Times, total collection this year has been ₹17,50,285.89 crore, compared to ₹15,35,076.31 crore during the same period of the previous financial year (FY26).

Growth has also been observed in net income after refunds. Net direct tax income after refunds increased by 11.76 per cent to ₹14,41,978.91 crore, whereas it was ₹12,90,204.10 crore during the same period last year. This increase has been driven by strong revenue from the corporate tax and securities transaction segments.

During this period, there has been a significant surge of 25.91 per cent in total refunds. In the year 2026-27, total refunds stood at ₹3,08,306.98 crore, compared to ₹2,44,872.21 crore in the same period of year 2025-26.

Looking at department-wise details, net collection through corporate tax (CT) increased by 17.84 per cent. This year it was recorded at ₹6,31,959.53 crore, compared to ₹5,36,285.79 crore during the same period last year. Non-corporate tax (NCT), which primarily includes individual taxpayers, saw a modest increase of 5.3 per cent in its net income. It increased from ₹7,17,922.31 crore to ₹7,55,944.96 crore.

The largest surge was observed in net collection through securities transaction tax (STT). During the period from April 1 to November 10, 2026-27, STT increased by approximately 51.6 per cent, rising from ₹35,681.88 crore to ₹54,077.90 crore.

Direct tax is an important source of government revenue, comprising components such as personal income tax and corporate tax. These taxes are levied directly on the income or profits of taxpayers.