India Net Direct Tax Collections Reach ₹14.42 Lakh Crore, up 11.76%

India's direct tax collections have crossed ₹14 lakh crore in the first seven months of FY27. As per news reports, the Income Tax Department's latest figures show that the government collected ₹14.42 lakh crore after refunds up to November 10, 2026, against ₹12.90 lakh crore during the same period last year. 

The amount collected before refunds was higher at ₹17.50 lakh crore. A year ago, gross collections stood at ₹15.35 lakh crore. 

Corporate Tax and STT Collections 

Companies paid ₹6.32 lakh crore in net corporate tax during the period. That compares with ₹5.36 lakh crore collected last year. 

Tax collections from individuals, HUFs, firms and other non-corporate taxpayers came to ₹7.56 lakh crore, up from ₹7.18 lakh crore. 

One of the bigger increases came from Securities Transaction Tax. STT collections reached ₹54,077.90 crore, compared with ₹35,681.88 crore a year earlier, a rise of 51.56%. 

Refund Payments Increase 

The government also paid out more in tax refunds this year. Refunds issued up to November 10 stood at ₹3.08 lakh crore, nearly 26% above the ₹2.45 lakh crore paid during the same period last year. 

Over Half Of FY27 Target Collected 

For FY27, the government has set a direct tax collection target of ₹26.97 lakh crore. It collected ₹23.40 lakh crore in the previous financial year. 

The latest total of ₹14.42 lakh crore means the government has collected around 53% of its target so far. 

Read More: Zee Entertainment Share Price Rise 5%; Board to Consider Buyback and Interim Dividend on November 12, 2026! 

Conclusion 

Direct tax collections have grown 11.76% so far in FY27, with net receipts reaching ₹14.42 lakh crore. The government has crossed 53% of its annual target, while higher corporate tax and STT collections have contributed to the increase. 

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