NEW DELHI, Nov 11: India's net direct tax collections rose 11.76 per cent year-on-year to Rs 14.42 lakh crore between April 1 and November 10 of 2026-27, official data showed. Growth in corporate tax and securities transaction tax collections supported the rise, even as refunds increased by nearly 26 per cent.

Gross direct tax collections, before refunds were adjusted, increased 14.02 per cent to Rs 17.50 lakh crore during the period.

At a glance

  • Net direct tax collections stood at Rs 14.42 lakh crore as on November 10.
  • Gross direct tax collections rose to Rs 17.50 lakh crore.
  • Net corporate tax collections grew 17.84 per cent year-on-year.
  • Refunds increased 25.91 per cent to Rs 3.08 lakh crore.

What happened

Net direct tax collections stood at Rs 14,41,978.91 crore in 2026-27 up to November 10, against Rs 12,90,204.10 crore in the corresponding period of 2025-26.

The net collection figure was 53.5 per cent of the direct tax target set in the Union Budget for 2026-27.

Gross direct tax collections rose to Rs 17,50,285.89 crore from Rs 15,35,076.31 crore in the year-ago period. Gross collections are tax receipts before refunds are adjusted.

The difference between gross and net collections reflected refunds issued during the financial year. Refunds totalled Rs 3,08,306.98 crore, compared with Rs 2,44,872.21 crore during the corresponding period a year earlier.

Who said what

The Income Tax Department released the data for the period up to November 10. The figures showed that corporate tax was the main contributor to the increase in net direct tax collections.

Net corporate tax collections rose 17.84 per cent to Rs 6,31,959.53 crore from Rs 5,36,285.79 crore in the corresponding period of the previous financial year.

Net non-corporate tax collections increased 5.3 per cent to Rs 7,55,944.96 crore, from Rs 7,17,922.31 crore a year earlier. Non-corporate tax includes taxes paid by individuals, Hindu Undivided Families, firms and other entities.

Collections from securities transaction tax rose 51.6 per cent to Rs 54,077.90 crore, against Rs 35,681.88 crore in the same period last year. The tax is levied on specified transactions in securities.

Background

The data covered the period from April 1 to November 10 and compared tax receipts in 2026-27 with those in the same period of 2025-26.

Direct tax collections in the data were classified under corporate tax, non-corporate tax and securities transaction tax. Corporate tax is paid by companies, while non-corporate tax covers individuals, Hindu Undivided Families, firms and other entities.

Refunds rose at a faster pace than gross direct tax collections. While gross collections grew 14.02 per cent, net collections increased 11.76 per cent after refunds were adjusted.

Why it matters for Assam and the Northeast

The figures form part of the Centre's direct tax collections for the current financial year. They showed stronger growth in corporate tax and securities transaction tax receipts than in non-corporate tax collections.

Corporate tax collections grew 17.84 per cent, while securities transaction tax collections rose 51.6 per cent. In comparison, non-corporate tax collections increased 5.3 per cent during the period.

What next

The latest data covered collections up to November 10 of 2026-27. Further changes in gross and net direct tax collections will depend on receipts and refunds during the remaining months of the financial year.

The net collection figure will continue to be assessed against the Union Budget's direct tax target for 2026-27.