India’s Direct Tax Collections Surge 16.4% to ₹6.51 Lakh Crore as of July 13, 2026

India's direct tax collections maintained strong momentum during the current financial year, with both corporate and non-corporate tax receipts recording healthy growth in the first few months, as per an ANI news report. 

According to the latest figures released by the Income Tax Department, net direct tax collections stood at ₹6.51 lakh crore as of 13 July 2026, representing a 16.4% increase over ₹5.59 lakh crore collected during the corresponding period last year. 

Corporate and Individual Taxes Lead Growth 

Growth was broad-based across major tax categories. 

Net corporate tax collections increased to ₹2.40 lakh crore from ₹1.97 lakh crore a year earlier. At the same time, net non-corporate tax collections rose to ₹3.85 lakh crore, compared with ₹3.44 lakh crore in the previous year. 

The non-corporate category includes taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities and artificial juridical persons. 

Gross Collections Continue to Expand 

Before adjusting for refunds, gross direct tax collections reached ₹7.74 lakh crore, marking a 16.11% increase from ₹6.66 lakh crore recorded in the same period last year. 

Within this, gross corporate tax collections rose from ₹2.90 lakh crore to ₹3.35 lakh crore, while gross non-corporate tax collections climbed from ₹3.58 lakh crore to ₹4.12 lakh crore. 

STT Collections and Refunds 

Collections from the Securities Transaction Tax (STT) increased to ₹26,429 crore from ₹17,876 crore a year ago. 

Meanwhile, net collections under the "Other Taxes" category stood at ₹2.02 crore, compared with ₹269.45 crore in the corresponding period of the previous year. 

The government also issued ₹1.22 lakh crore in refunds during the period, up 14.57% from ₹1.07 lakh crore a year earlier. Corporate tax refunds amounted to ₹95,145 crore, while ₹27,333 crore was refunded under the non-corporate tax category. 

Read More: EPFO Wage Ceiling Hike to ₹25,000 Deferred for Now! 

Conclusion 

The latest tax collection figures showed sustained growth across both corporate and non-corporate segments, with gross collections reaching ₹7.74 lakh crore and net collections touching ₹6.51 lakh crore as of 13 July 2026, alongside a higher level of refunds issued during the period.   

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