India Tax Collection Surge: STT Jumps 51.6%, Net Corporate Tax Rises 20.6%

As of October 14, 2026, India's net direct tax collections have increased by 13.21% year-on-year, amounting to ₹13.38 lakh crore.  

This includes ₹5.99 lakh crore in net corporate tax and ₹46,840.43 crore in Securities Transaction Tax (STT), according to the Income Tax Department. 

Net Direct Tax Collections 

India's net direct tax collections have reached ₹13.38 lakh crore, marking a 13.21% increase compared to the previous year's ₹11.82 lakh crore. The gross direct tax collections have also risen by 14.89%, totalling ₹16.03 lakh crore. 

Corporate Tax and Non-Corporate Tax 

The net corporate tax collections have seen a rise of 20.58%, reaching ₹5.99 lakh crore from last year's ₹4.97 lakh crore. Meanwhile, net non-corporate tax collections, which include individuals, firms, and HUFs, have increased by 5.83% to ₹6.92 lakh crore from ₹6.54 lakh crore. 

Securities Transaction Tax (STT) Surge 

STT collections have surged by 51.58%, amounting to ₹46,840.43 crore compared to ₹30,901.81 crore in the same period last year. This significant increase highlights the growing activity in securities transactions. 

Read More: Transformers and Rectifiers India Share Price Gains Over 16% After Q2 FY27 Earnings Results: Total Income Up 56.6% YoY! 

Refunds Issued 

Refunds issued have increased by 24.22% year-on-year, totalling ₹2.65 lakh crore. This indicates a proactive approach by the tax authorities in processing refunds efficiently. 

Conclusion 

India's tax collections have shown robust growth, with net direct tax collections at ₹13.38 lakh crore, STT at ₹46,840.43 crore, and net corporate tax at ₹5.99 lakh crore. Refunds issued have also risen to ₹2.65 lakh crore. 

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