India Net Direct Tax Collections Rise 11.76 Percent

The Government of India collected Rs 14.42 lakh crore in net direct taxes between April 1 and November 10, 2026, marking an 11.76 percent increase year-on-year. This total represents approximately 53 percent of the government's annual budget target of Rs 26.97 lakh crore for the 2026-27 financial year.

Growth was driven by a 17.84 percent rise in net corporate tax collections, which totaled Rs 6.32 lakh crore, and a rise in net non-corporate tax collections to Rs 7.56 lakh crore. Securities Transaction Tax collections saw the most significant surge, increasing by over 51 percent to reach approximately Rs 54,078 crore.

On a gross basis, direct tax collections rose 14.02 percent to Rs 17.50 lakh crore. However, the Income Tax Department noted that direct tax refunds increased by nearly 26 percent to Rs 3.08 lakh crore, growing at a faster pace than gross tax collections during the same period.