NEW DELHI, September 18: India’s net direct tax collections rose nearly 13% year-on-year to ₹12.12 lakh crore between April 1 and September 17 of the current financial year, according to government data released on Friday. Gross direct tax collections increased more than 15% to ₹14.32 lakh crore during the same period.
Net Direct Tax Collections Reach ₹12.12 Lakh Crore
Data released by the Central Board of Direct Taxes (CBDT) showed net direct tax revenue rising 12.96% compared with the same period last year.
Net collections increased to approximately ₹12.12 lakh crore, reflecting higher receipts from corporate tax, non-corporate tax and securities transactions.
Direct taxes include taxes paid directly by companies and individuals, such as corporate income tax and personal income tax.
Gross Collections Rise Above ₹14.32 Lakh Crore
Before accounting for tax refunds, gross direct tax collections stood at more than ₹14.32 lakh crore, up 15.19% year-on-year.
During the corresponding period last year, gross collections were around ₹12.44 lakh crore.
The increase indicates stronger tax receipts during the first five-and-a-half months of FY2026-27.
Corporate Tax Collection Jumps Nearly 19.5%
Net corporate tax collections recorded strong growth during the period.
Corporate tax revenue rose approximately 19.48% to ₹5.56 lakh crore, compared with around ₹4.65 lakh crore during the same period last year.
Gross corporate tax collections also increased to approximately ₹6.95 lakh crore, from ₹5.96 lakh crore a year earlier.
Personal and Non-Corporate Taxes Rise 6%
Net non-corporate tax collections, which include taxes paid by individuals and Hindu Undivided Families, increased about 6% to more than ₹6.16 lakh crore.
During the same period last year, these collections stood at approximately ₹5.81 lakh crore.
Non-corporate taxes continue to account for a significant share of India’s overall direct tax revenue.
Securities Transaction Tax Collection Surges 53%
The Securities Transaction Tax (STT) recorded one of the strongest increases among major tax categories.
Net STT collections jumped around 53% to ₹40,214 crore, compared with approximately ₹26,306 crore during the corresponding period last year.
STT is levied on specified transactions involving shares, derivatives and other securities traded on recognised exchanges.
Advance Tax Mop-Up Rises 16.18%
Advance tax collections also showed strong growth.
Advance tax receipts increased 16.18% to around ₹5.22 lakh crore as of September 17.
Corporate advance tax payments rose roughly 18% to more than ₹4.16 lakh crore, while non-corporate advance tax collections increased 9.24% to around ₹1.06 lakh crore.
Advance tax is paid in instalments during the financial year rather than as a single payment at year-end.
Tax Refunds Rise 29% to ₹2.20 Lakh Crore
The government also issued significantly higher tax refunds during the period.
Refunds increased 29.19% year-on-year to more than ₹2.20 lakh crore between April 1 and September 17.
Net direct tax collections are calculated after deducting these refunds from gross tax receipts.
The latest figures indicate continued growth in India’s direct tax base, supported by higher corporate collections, advance tax payments and securities transaction taxes.
source – Reuters / CBDT / Economic Times / Business Standard
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