India's Gross Direct Tax Collection Crosses 14 Trillion Rupees

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India's gross direct tax collection crossed 14 trillion rupees, reaching 14.35 trillion rupees between April 1 and September 17, 2026, a growth of 15.19% over the same period last year.
Net direct tax collections after refunds rose 12.96% year-on-year to 12.12 trillion rupees, according to Income Tax Department data.
Refunds issued during the period stood at 2.20 trillion rupees, an increase of 29.19%.
Advance tax collections grew 16.18% to 5.22 trillion rupees, with corporate advance tax up 18.09% and non-corporate advance tax up 9.24%.
The government has budgeted 27 trillion rupees from direct taxes for 2026-27, and collections are already past the halfway mark within the first half of the financial year.

Whether direct tax collections stay on track to exceed the 27 trillion rupee budget target for 2026-27
Advance tax trends in upcoming instalments as an indicator of corporate and personal income growth
Whether securities transaction tax collections sustain their sharp 52.9% rise alongside market activity

1 report

Indian-language1

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Named India · Income Tax Department · Ministry of Finance · Moody's

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