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India Net Direct Tax Collection Surges 13.2 Percent to Rs 13.37 Lakh Crore
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Moneycontrol•16-10-2026, 00:10
India Net Direct Tax Collection Surges 13.2 Percent to Rs 13.37 Lakh Crore
- •Net direct tax collections grew by 13.2 percent year-on-year to reach Rs 13.37 lakh crore up to October 14.
- •Net corporate tax collections rose 21 percent to Rs 5.99 lakh crore, while non-corporate tax collections increased by 5.8 percent to Rs 6.92 lakh crore.
- •Securities transaction tax (STT) collections saw a massive 51 percent jump, totaling Rs 46,840 crore.
- •Gross direct tax collections before refunds stood at Rs 16.03 lakh crore, marking a 14.9 percent annual increase.
- •Tax experts attribute the slower growth in non-corporate tax collections to the issuance of sizeable refunds.
Key Questions Answered
India's net direct tax collections rose by 13.2 percent year-on-year to reach Rs 13.37 lakh crore up to October 14, 2026.
Net corporate tax collections rose 21 percent on year to stand at Rs 5.99 lakh crore, while non-corporate tax (income tax) collections reached Rs 6.92 lakh crore, marking a 5.8 percent annual increase.
Collections from securities transaction tax surged 51 percent on year to reach Rs 46,840 crore, supported by continued activity in equity and derivatives markets and an increase in STT rates effective April 2026.
