NEW DELHI: India’s net direct tax mop-up reached Rs 13,37,866.98 crore in FY2026-27 as of October 14, marking a 13.21 per cent increase from Rs 11,81,786.98 crore collected during the same period last year, data released by the income tax department showed.The increase came alongside a rise in gross collections, which climbed to Rs 16,03,066.12 crore from Rs 13,95,278.39 crore in the year-ago period. However, the amount returned to taxpayers also increased, with refunds rising 24.22 per cent year-on-year to Rs 2,65,199.14 crore from Rs 2,13,491.41 crore.Net corporate tax receipts stood at Rs 5,99,062.48 crore as of October 14, compared with Rs 4,96,798.62 crore in the corresponding period of the previous financial year.Gross corporate tax collections rose to Rs 7,52,961.56 crore from Rs 6,43,721.45 crore. Refunds issued against corporate tax increased to Rs 1,53,899.08 crore, up from Rs 1,46,922.83 crore in the same period last year.Net non-corporate tax collections increased to Rs 6,91,965.71 crore from Rs 6,53,804.16 crore a year earlier. This category includes taxes paid by individuals, Hindu Undivided Families, firms and other entities.Gross collections under the non-corporate tax category rose to Rs 8,03,245.26 crore, compared with Rs 7,20,353.91 crore in the corresponding period of the previous financial year.Refunds in this category registered a more pronounced increase, reaching Rs 1,11,279.55 crore against Rs 66,549.75 crore a year earlier.Collections from the Securities Transaction Tax (STT) rose to Rs 46,840.43 crore as of October 14, compared with Rs 30,901.81 crore in the corresponding period last year. The increase reflected higher collections from transactions in securities.The overall figures show that the rise in gross direct tax receipts was accompanied by a faster increase in refunds. While gross collections grew 14.89 per cent year-on-year, refunds increased 24.22 per cent, bringing the growth in net direct tax collections to 13.21 per cent.The data covers collections up to October 14 and provides a snapshot of direct tax receipts during the first half of the current financial year.
