Net Direct Tax Collections Rise 11.8% to ₹14.42 Lakh Crore in FY 2026–27

India’s net direct tax collection rise by 11.76 percent to INR 14.42 lakh crore by November 10, 2026 during FY 2026-27. The country’s gross direct tax collection rose by 14.02 percent to INR 17.50 lakh crore during the period. Growth in corporate and non-corporate taxes and a sharp rise in Securities Transaction Tax (STT) contributed to the rise. The government target for direct tax collection in FY27 is INR 26.97 lakh crore.

Direct Tax Collections in FY 2026-27

The Income Tax Department data has shown that there is an increase in most of the major direct tax categories. Notably corporate tax and Securities Transaction Tax have shown significant growth.

Particulars	FY27 (up to 10 Nov)	Corresponding period in FY26	Growth
Net Direct Tax Collection	INR 14.42 Lakh Crore	INR 12.90 Lakh Crore	11.76%
Gross Direct Tax Collection	INR 17.50 Lakh Crore	INR 15.35 Lakh Crore	14.02%
Net Corporate Tax	INR 6.32 Lakh Crore	INR 5.36 Lakh Crore	17.84%
Net Non-Corporate Tax	INR 7.56 Lakh Crore	INR 7.18 Lakh Crore	5.30%
Securities Transaction Tax	INR 54,077.90 Crore	INR 35,681.88 Crore	51.56%
Direct Tax Refund	INR 3.08 Lakh Crore	INR 2.45 Lakh Crore	25.91%

Source: Income Tax Department Data, November 11, 2026.

Corporate Tax

• Net Corporate Tax increased by approximately 17.84 percent to INR 6.32 Lakh Crore from INR 5.36 Lakh Crore.
• Corporate tax is the tax that is charged on the profit or income earned by companies.

Non-Corporate Tax

Net Non-Corporate Tax increased by 5.30 percent to INR 7.56 Lakh Crore from INR 7.18 Lakh Crore.

It covers the tax collected from,

• Individuals
• Hindu Undivided Families (HUFs).
• Firms
• Association of Persons (AoP)
• Bodies of Individuals (BoI)
• Local authority
• Artificial Juridical persons

Securities Transaction Tax

Securities Transaction Tax saw a significant increase by 51.56 percent to INR 54,077.90 Crore by November 10, 2026 from INR 35,681.88 Crore during the corresponding period in the previous financial year.

STT is the tax that is charged on the purchase or sale of certain securities on Recognised Stock Exchanges.

It is collected during the source of security and plays a major role in contributing to the direct tax collection.

Direct Tax Refund Increased by Nearly 26 Percent

Direct tax refund increased by approximately 25.91 percent to INR 3.08 Lakh Crore during FY27 up to November 10 from INR 2.45 Lakh Crore during the corresponding period in FY26.

To understand the difference between Gross & Net Direct Tax,

• Gross Collection: Total direct tax collected.
• Refund: The amount of tax refunded to the taxpayer, if more tax has been deducted/collected.
• Net Collection: Gross tax collected after deducting the refund.

Therefore, even though the overall direct tax collection increased by 14.02 percent, it increased by only 11.76 percent after considering the increase in refund.

Direct Tax Collection Target for FY27

Union Government has set a target of INR 26.97 Lakh Crore for direct tax collection during FY 2026-27. This is an increase of approximately 15 percent from INR 23.40 Lakh Crore collected during FY26.

The government have achieved approximately 53.5 percent of their target.

• Actual Direct Tax Collection in FY26: INR 23.40 Lakh Crore
• Budget Target for FY27: INR 26.97 Lakh Crore
• Net Tax Collection up to November 10, 2026: INR 14.42 Lakh Crore
• Achieved Target: Approximately 53.5%
• Increase in Target over FY26: Approximately 15%