India’s Direct Tax Revenue Rises 12% to ₹14.42 Lakh Crore

Corporate Tax Collections Rise 18% in FY27

Net corporate tax collections increased 18% to ₹6.32 lakh crore during the reporting period, compared with approximately ₹5.36 lakh crore in the corresponding period last year.

Net non-corporate tax collections, comprising taxes paid by individuals, firms and Hindu Undivided Families, grew 5.3% to approximately ₹7.56 lakh crore.

Corporate tax receipts recorded stronger growth than non-corporate collections, contributing significantly to the overall increase in direct tax revenue.

Securities Transaction Tax Revenue Jumps 52%

Collections from Securities Transaction Tax (STT) increased approximately 52% to ₹54,078 crore during the period.

Meanwhile, gross direct tax collections, calculated before adjusting for refunds, rose 14% to ₹17.50 lakh crore.

Gross corporate tax receipts reached ₹8.01 lakh crore, while non-corporate tax collections stood at ₹8.94 lakh crore.

Tax refunds increased nearly 26% year-on-year to ₹3.08 lakh crore, moderating the growth in net revenue despite higher gross collections.

India Achieves 53.5% of FY27 Direct Tax Target

The Union Government has budgeted ₹26.97 lakh crore in direct tax revenue for FY2026-27, representing a projected 15% increase over the ₹23.40 lakh crore collected in FY2025-26.

With ₹14.42 lakh crore collected by November 10, approximately 46.5% of the annual target remains to be achieved.

The latest figures indicate continued growth in government tax receipts, supported particularly by corporate tax payments and securities market transactions.