Quick Summary
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
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
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.
CAclubindia
