India's net direct tax collections have recorded a robust growth of 14.64 per cent year-on-year, reaching Rs 5.21 lakh crore as of June 17 in the current financial year 2026-27, according to data released by the Income Tax Department. The surge is attributed to strong performance in both corporate and non-corporate tax segments.
Net Direct Tax Collections Details
As on June 17, 2026, net direct tax collections stood at Rs 5,21,024.82 crore, compared to Rs 4,54,499.18 crore in the corresponding period of FY 2025-26. Gross direct tax collections rose by 12.46 per cent year-on-year to Rs 6,10,050.53 crore from Rs 5,42,478.57 crore a year earlier.
Refunds and Tax Categories
Refunds issued during the period increased marginally by 1.19 per cent to Rs 89,025.71 crore, against Rs 87,979.39 crore in the same period last year. Among major tax categories, gross corporate tax collections rose to Rs 2,76,538.46 crore from Rs 2,48,415.90 crore, registering growth of around 11.3 per cent.
Gross non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities, and artificial juridical persons, increased to Rs 3,14,653.07 crore from Rs 2,80,790.28 crore.
Securities Transaction Tax and Net Collections
Securities Transaction Tax (STT) collections recorded a sharp increase, rising to Rs 18,856.12 crore from Rs 13,013.02 crore in the year-ago period. On a net basis, corporate tax collections stood at Rs 2,08,233.47 crore, up from Rs 1,70,071.09 crore a year ago. Net non-corporate tax collections rose to Rs 2,93,937.56 crore from Rs 2,71,157.81 crore.
Advance Tax Collections Show Healthy Growth
The data also indicated healthy growth in advance tax collections, often seen as an indicator of income and profit trends. Advance tax collections for FY27 as of June 17 stood at Rs 1,78,373.06 crore, up 15.30 per cent from Rs 1,54,706.02 crore collected during the same period last year.
Corporate advance tax collections increased 16.01 per cent to Rs 1,40,752.74 crore, while non-corporate advance tax collections rose 12.73 per cent to Rs 37,620.32 crore.
The figures underscore continued momentum in direct tax revenues in the early months of the financial year, supported by growth in both corporate and non-corporate tax payments.
