Net Direct Tax Collections Rise 13% to ₹12.12 Lakh Crore
Why in the news
CBDT data released on 19 September 2026 showed net direct tax collections up about 13% at ₹12.12 lakh crore for 1 April to 17 September of FY 2026-27, supported by higher advance tax.
Key facts
- Net collection: ₹12.12 lakh crore, up about 13%.
- Gross collection: ₹14.32 lakh crore, up 15%.
- Refunds: ₹2.20 lakh crore, up 29.19%.
- Advance tax: ₹5.22 lakh crore, up 16.18%.
- Securities Transaction Tax (STT): ₹40,214 crore, up 53%.
| Component | Amount | Growth |
|---|---|---|
| Corporate tax | ₹5.56 lakh crore | 19.48% |
| Non-corporate tax | ₹6.16 lakh crore | 6% |
| Corporate advance tax | ₹4.16 lakh crore | 18% |
| Non-corporate advance tax | ₹1.06 lakh crore | 9.24% |
About the Budget target
The FY27 Budget target for direct taxes is ₹26.97 lakh crore, a 15% rise over the previous year’s ₹23.40 lakh crore, according to one report. The data was released by the Central Board of Direct Taxes (CBDT).
Exam angle
- Net collection equals gross collection minus refunds (14.32 minus 2.20 gives about 12.12).
- Corporate tax grew faster than non-corporate tax.
- Remember the period: 1 April to 17 September 2026.