India's net direct tax collections rise 11.8%

Listen to this article in summarized format Listen Loading... × × Subscribe to Unlock AI Briefing and Premium Content New Year Offer 24 Hours Left Subscribe Now Already a member? Sign In What's Included Exclusive Stories Daily ePaper Access Smart Market Tools Curated Investment Ideas Ad-lite Experience Subscription ANI India's net direct tax collections increased 11.76% year-on-year to Rs 14.42 lakh cr from April 1 till November 10, according to data released by the Income Tax Department . The data showed that net direct tax collections rose to Rs 14.42 lakh crore from Rs 12.90 lakh crore during the corresponding period of the previous financial year. Gross direct tax collections, which represent tax receipts before adjusting for refunds, increased 14.02 per cent to Rs 17.50 lakh crore, compared to Rs 15.35 lakh crore during the same period last year. Also Read | India risks losing tax revenue by delaying global minimum tax rollout Meanwhile, net corporate tax collections increased to Rs 6.32 lakh crore from Rs 5.36 lakh crore in the corresponding period last year, registering a growth of approximately 17.84 per cent. Live Events Agencies Source: Income Tax India Net non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities, rose to Rs 7.56 lakh crore from Rs 7.18 lakh crore, reflecting a growth of around 5.30 per cent. Securities Transaction Tax (STT) collections also recorded a sharp increase of approximately 51.56 per cent to Rs 54,077.90 crore, compared to Rs 35,681.88 crore in the year-ago period. Also Read | India's net direct tax collections rise 13.21% to Rs 13.38 lakh crore till October 14 of FY27 Direct tax refunds increased by nearly 26 per cent to Rs 3.08 lakh crore during the current financial year till November 10, compared to the same period last year. The data showed that total tax refunds stood at Rs 3.08 lakh crore as of November 10, 2026, compared to Rs 2.45 lakh crore during the corresponding period of the previous financial year. The government has budgeted to collect Rs 26.97 lakh crore from direct taxes in the current financial year, a 15 per cent growth over Rs 23.40 lakh crore collected in FY26. Of this, Rs 14.42 lakh crore or about 53 per cent of the budget target, has already been achieved as of November 10. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on direct tax tax collection tax revenue gross tax collections tax department (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on direct tax tax collection tax revenue gross tax collections tax department Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Business of Odd Things: The farm that needs no land, freshwater, or fertiliser KYC and KYB: Inside Pidilite, the company that turned Fevicol into a word for a strong bond – Part 1 of 3 Seoul halts trading, Nifty has its best week since 2021: Money leaving the AI trade – will it land in India? Junk bonds are cracking at the bottom. Will the noise get loud enough to make ‘junk bond’ a household term again? PNG connections rise half a million, but how many use piped gas for cooking? Some elections matter more than you know: No crop changed in the fields, yet sugar, coffee and soya got cheaper in a day 1 2 3 View all Stories