India's Net Direct Tax Collections Rise 13% to Rs 12.1 Lakh Crore Till September 17 of FY27
Higher advance tax payments and stronger corporate receipts lifted gross collections, while refunds rose 29.19%, the Income Tax Department said.
- On Friday, September 18, 2026, India's government reported that gross direct tax collections surged over 15% to Rs 14.32 lakh crore as of September 17, significantly outpacing the prior-year period.
- Net direct tax collections rose 13% to Rs 12.12 lakh crore, driven by corporate tax mop-up growth of 19.48% to Rs 5.56 lakh crore and non-corporate collections from individuals and Hindu Undivided Families increasing 6% to Rs 6.16 lakh crore.
- Securities Transactions Tax collections jumped 53% to Rs 40,214 crore between April 1 and September 17, while the Central Board of Direct Taxes reported refund issuance grew 29.19% to over Rs 2.20 lakh crore.
- Advance Tax payments reached Rs 5.22 lakh crore, marking a 16.18% increase, with advance corporate tax payments growing 18% to over Rs 4.16 lakh crore and non-corporate payments rising 9.24% to Rs 1.06 lakh crore.
- These figures encompass taxes paid by companies, individuals, Hindu Undivided Families, and associations of persons , reflecting broad participation from bodies of individuals and local authorities across the fiscal year.
11 Articles
11 Articles
Direct Tax Collections Gain 12.96% to Rs 12.12 Lakh Crore; Advance Tax Up 16.18%
Get latest articles and stories on Business at LatestLY. Net direct tax collections rose 12.96 per cent year-on-year to Rs 12.12 lakh crore as of September 17 in the financial year 2026-27, while advance tax collections grew 16.18 per cent to Rs 5.22 lakh crore, according to data released by the Income Tax Department. Business News | Direct Tax Collections Gain 12.96% to Rs 12.12 Lakh Crore; Advance Tax Up 16.18%.
The Economic Times
Times of IndiaIndia's net direct tax collections rise 13% to Rs 12.1 lakh crore till September 17 of FY27
Indias net direct tax collections rose 12.96% year-on-year to Rs 12.12 lakh crore as of September 17, government data showed. Gross collections increased 15.19% to Rs 14.32 lakh crore, while refunds rose 29.19% to Rs 2.20 lakh crore. Corporate, non-corporate and Securities Transaction Tax collections all increased.
Coverage Details
Bias Distribution
- 57% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
