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. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

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