Direct Tax Collections Rise 13.21% to ₹13.38 Lakh Crore in FY27
Why in the news
Data released on 15 October 2026 showed India’s net direct tax collections for FY 2026-27 (up to 14 October 2026) at ₹13,37,866.98 crore, 13.21% higher than in the same period of FY 2025-26.
Key facts
- Net direct tax: ₹13,37,866.98 crore vs ₹11,81,786.98 crore (+13.21%).
- Gross direct tax: ₹16,03,066.12 crore vs ₹13,95,278.39 crore (+14.89%).
- Refunds: ₹2,65,199.14 crore, up 24.22%; non-corporate refunds rose from ₹66,549.75 crore to ₹1,11,279.55 crore.
- Net corporate tax exceeded ₹5.99 lakh crore, while net non-corporate tax was about ₹6.92 lakh crore.
- Securities Transaction Tax (STT): ₹46,840.43 crore vs ₹30,901.81 crore.
| Head (₹ crore) | FY27 (till 14 Oct) | Year ago |
|---|---|---|
| Gross direct tax | 16,03,066.12 | 13,95,278.39 |
| Refunds | 2,65,199.14 | 2,13,491.41 |
| Net direct tax | 13,37,866.98 | 11,81,786.98 |
| Net corporate tax | 5,99,062.48 | 4,96,798.62 |
| Net non-corporate tax | 6,91,965.71 | 6,53,804.16 |
| STT | 46,840.43 | 30,901.81 |
About direct taxes
Direct taxes are levied on income and are paid by the taxpayer directly to the government; the main heads are corporate tax and non-corporate tax. STT is levied on trades in listed securities. Net collection equals gross collection minus refunds issued.
Exam angle
- Net non-corporate tax collection was higher than net corporate tax.
- Refunds grew faster (24.22%) than gross collections (14.89%).
- Know the formula: net = gross minus refunds.