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India's direct tax collections have recorded strong growth in the current financial year, reflecting robust tax compliance and improved economic activity. According to the latest data released by the Income Tax Department, net direct tax collections for FY 2026-27 stood at Rs 6,51,189.81 crore as on July 13, 2026, registering a growth of 16.40% over the corresponding period of the previous financial year. The figures indicate that the government's revenue collections remain on a healthy traject
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FAQ :
As of July 13, 2026, the net direct tax collections for FY 2026-27 stood at £6,51,189.81 crore.
Direct tax collections registered a growth of 16.40% over the corresponding period of the previous financial year.
Refunds amounting to £1,22,491.87 crore were issued till July 13, 2026.
Growth was observed in corporate tax, non-corporate tax, and securities transaction tax collections.
The sustained double-digit growth signals positive revenue mobilisation for the government and reflects improved taxpayer compliance and economic activity.
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