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The data compares Direct Tax collections up to 14 October 2026 with the corresponding period of FY 2025-26 and shows strong growth in tax revenues despite a significant increase in refunds.
| Tax Component / Category | Gross Collections (₹ crore) | Net Collections (₹ crore) | YoY Growth / Change Notes |
|---|---|---|---|
| Gross Direct Tax Collections | ₹16,03,066.12 crore | — | Up 14.89% year-on-year |
| Net Direct Tax Collections | — | ₹13,37,866.98 crore | Up 13.21% year-on-year (vs ₹11,81,786.98 crore last year) |
| Tax Refunds Issued | ₹2,65,199.14 crore | — | Up 24.22% year-on-year (vs ₹2,13,491.41 crore last year) |
| Corporate Tax (CIT) | ₹7,53,000+ crore (approx) | ₹5,99,062.48 crore | Net collections up from ₹4,96,798.62 crore last year |
| Non-Corporate Tax (NCT) (Individuals, HUFs, Firms, etc.) | ₹8,03,000+ crore (approx) | ₹6,91,965.71 crore | Net collections up from ₹6,53,804.16 crore last year |
| Securities Transaction Tax (STT) | ₹46,840.43 crore | ₹46,840.43 crore | Up from ₹30,901.81 crore last year |
| Other Taxes | ₹18.87 crore | -₹1.64 crore | Net turned negative compared to positive ₹282.39 crore last year |
Gross Direct Tax Collections : Gross collections represent taxes collected before adjusting refunds. Particulars FY 2025-26 (₹ Cr.) Growth Gross Direct Tax Collection 13,95,278.39 16, 03,066.12 14.89%
1. Strong Tax Buoyancy: Tax collections are growing faster than inflation, indicating healthy economic activity.
2. Corporate Performance Improving: Nearly 17% growth in corporate tax suggests:
3. Robust Personal Tax Collections : Growth in non-corporate taxes reflects:
4. Faster Refund Processing : Refunds increased by 24.22%, demonstrating:
5. Active Capital Markets : STT collections crossing ₹46,840 crore indicate sustained trading activity in stock markets.
Overall, the figures indicate strong direct tax growth, healthy corporate earnings, robust investor participation in capital markets, and improved efficiency in refund processing by the Income Tax Department.
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