Direct Tax Collections Rise 11.76% to ₹14.42 Lakh Crore in FY 2026-27

The Income Tax Department has released the latest data on Gross Direct Tax Collections, Refunds and Net Direct Tax Collections for FY 2026-27 as of November 10, 2026. Net Direct Tax Collections stood at ₹14,41,978.91 crore, registering an increase of 11.76% compared to the corresponding period of the previous financial year. Gross Direct Tax Collections increased by 14.02%, while tax refunds rose by 25.91%.

The Income Tax Department has released the latest figures for Gross Direct Tax Collections, Refunds and Net Direct Tax Collections for Financial Year 2026-27 as of November 10, 2026. According to the released data, Gross Direct Tax Collections reached ₹17,50,285.89 crore, compared to ₹15,35,076.31 crore during the corresponding period of FY 2025-26, reflecting a growth of 14.02%.

During the same period, total tax refunds amounted to ₹3,08,306.98 crore, registering an increase of 25.91% compared to ₹2,44,872.21 crore in the previous financial year. After adjusting for refunds, Net Direct Tax Collections stood at ₹14,41,978.91 crore, compared to ₹12,90,204.10 crore in the corresponding period of FY 2025-26, showing an overall growth of 11.76%.

The category-wise breakup of Gross Direct Tax Collections for FY 2026-27 includes ₹8,01,471.71 crore from Corporate Tax, ₹8,94,716.18 crore from Non-Corporate Tax, ₹54,077.90 crore from Securities Transaction Tax (STT), and ₹20.10 crore from Other Taxes.

The latest figures indicate continued growth in direct tax collections during FY 2026-27. The detailed information has been made available on the official Income Tax Department website.

Direct Tax Collection Comparison (Amount in ₹ Crore)

Percentage Growth:

• Gross Direct Tax Collection: 14.02%

• Refunds: 25.91%

• Net Direct Tax Collection: 11.76%

Source: Income Tax Department / TIN-NS data.

Reference: Official Income Tax Department website – https://www.incometax.gov.in/

Source: CA Sansaar