India's net direct tax collections for Financial Year 2026-27 have increased by 11.76% to ₹14,41,978.91 crore as of November 10, 2026, compared with ₹12,90,204.10 crore collected during the corresponding period of the previous financial year.
The latest figures indicate steady growth in direct tax collections, supported by contributions from both corporate and non-corporate taxpayers. However, the data also reflects a significant increase in tax refunds during the period.
Net Direct Tax Collection Reaches ₹14.42 Lakh Crore
According to the latest data released through TINMIS, net direct tax collections for FY 2026-27 stood at ₹14.42 lakh crore as on November 10, 2026. This represents an 11.76% increase over the ₹12.90 lakh crore collected during the corresponding period of FY 2025-26.
The growth in net collections reflects the overall increase in tax receipts after accounting for refunds issued during the financial year.
Gross Direct Tax Collections Increase 14.02%
Gross direct tax collections recorded stronger growth during the period. Collections increased to ₹17,50,285.89 crore as on November 10, 2026, compared with ₹15,35,076.31 crore in the corresponding period last year.
This represents a year-on-year growth of 14.02%.
The increase in gross collections indicates higher tax receipts before adjusting for refunds.
Corporate and Non-Corporate Tax Collections
The collection data highlights the contribution of corporate and non-corporate taxpayers to the overall direct tax revenue.
|
Tax Category |
FY 2025-26 (₹ Crore) |
FY 2026-27 (₹ Crore) |
|---|---|---|
|
Corporate Tax (Gross) |
6,91,010.61 |
8,01,471.71 |
|
Non-Corporate Tax (Gross) |
8,08,049.19 |
8,94,716.18 |
|
Securities Transaction Tax |
35,681.88 |
54,077.90 |
|
Other Taxes |
334.63 |
20.10 |
|
Total Gross Collection |
15,35,076.31 |
17,50,285.89 |
Corporate tax collections increased from ₹6,91,010.61 crore to ₹8,01,471.71 crore, while non-corporate tax collections rose from ₹8,08,049.19 crore to ₹8,94,716.18 crore.
Securities Transaction Tax (STT) collections also increased significantly, reaching ₹54,077.90 crore compared with ₹35,681.88 crore in the corresponding period of the previous financial year.
Tax Refunds Increase 25.91%
One of the notable developments in the latest collection figures is the increase in tax refunds.
Total refunds issued during FY 2026-27 stood at ₹3,08,306.98 crore as on November 10, 2026, compared with ₹2,44,872.21 crore during the corresponding period of FY 2025-26.
This represents an increase of 25.91%.
The higher refund outgo has also influenced the difference between gross and net direct tax collections.
Net Corporate and Non-Corporate Tax Collections
After adjusting for refunds, the net collection figures were as follows:
|
Tax Category |
FY 2025-26 (₹ Crore) |
FY 2026-27 (₹ Crore) |
|---|---|---|
|
Corporate Tax |
5,36,285.79 |
6,31,959.53 |
|
Non-Corporate Tax |
7,17,922.31 |
7,55,944.96 |
|
Securities Transaction Tax |
35,681.88 |
54,077.90 |
|
Other Taxes |
314.12 |
-3.48 |
|
Total Net Collection |
12,90,204.10 |
14,41,978.91 |
The figures show that both corporate and non-corporate tax collections registered an increase in net terms. STT collections also remained higher than the previous year's corresponding figures.
Key Highlights of Direct Tax Collections as on November 10, 2026
- Net Direct Tax Collection: ₹14,41,978.91 crore.
- Net Collection Growth: 11.76% year-on-year.
- Gross Direct Tax Collection: ₹17,50,285.89 crore.
- Gross Collection Growth: 14.02%.
- Total Tax Refunds: ₹3,08,306.98 crore.
- Refund Growth: 25.91%.
- Net Corporate Tax Collection: ₹6,31,959.53 crore.
- Net Non-Corporate Tax Collection: ₹7,55,944.96 crore.
- STT Collection: ₹54,077.90 crore.
Conclusion
The latest direct tax collection figures for FY 2026-27 reflect an 11.76% increase in net tax revenue as compared with the corresponding period of the previous financial year. Gross collections have also registered double-digit growth, while corporate tax, non-corporate tax and securities transaction tax have contributed to the overall increase.
The data, as on November 10, 2026, highlights the continued growth in direct tax receipts, although the higher refund outgo remains an important factor in determining the final net collection figures.
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