According to data released by the Income Tax Department, India’s net direct tax collection for the current financial year (FY27), up to November 10, has risen by 11.76 percent year-on-year to reach Rs 14.42 lakh crore.
During the corresponding period of the previous financial year, net direct tax collections stood at Rs 12.90 lakh crore.
Before accounting for refunds, gross direct tax collections rose by 14.02 percent to Rs 17.50 lakh crore, compared to Rs 15.35 lakh crore in the corresponding period of the previous year.
Compared to the same period last year, net corporate tax collection has increased from Rs 5.36 lakh crore to Rs 6.32 lakh crore. The Securities Transaction Tax (STT) collection has risen by 51.56 percent to Rs 54,077.90 crore, up from Rs 35,681.88 crore a year ago.
Also Read: FY27 Net Direct Tax Collections Rise 13.21% to ₹13.38 Lakh Crore as of Oct 14
Net non-corporate tax collection, which includes taxes paid by individuals, Hindu Undivided Families (HUFs), firms, and other entities, surged to Rs 7.56 lakh crore, up from Rs 7.18 lakh crore in the same period of the previous fiscal year.
In the present financial year, up to November 10, the direct tax refunds have surged approximately 26% to Rs 3.08 lakh crore.
The direct tax numbers include the collections from companies, individuals, Hindu Undivided Families (HUFs), firms, associations of persons (AoPs), bodies of individuals (BoIs), local authorities and artificial juridical persons.
The government has established a direct tax collection target of Rs 26.97 lakh crore for the 2027 fiscal year, representing a 15 percent surge over the Rs 23.40 lakh crore collected in the 2026 fiscal year. As of November 10, the government had achieved approximately 53 percent of its budgetary target, with total net collections reaching Rs 14.42 lakh crore.
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