India’s net direct tax collection for the financial year 2026–27 reached approximately ₹13.38 lakh crore as of October 14, 2026, according to data released by the Income Tax Department. The figures indicate a 13.21% increase compared with the corresponding period of the previous financial year.
The department’s latest data covers gross direct tax collections, tax refunds and net collections. Direct taxes include corporate taxes paid by companies and income taxes collected from individuals.
Direct Tax Collection Figures for 2026–27
As of October 14, gross direct tax collection stood at ₹16,03,066.12 crore, compared with ₹13,95,278.39 crore during the same period last year. This represents year-on-year growth of 14.89%.
Tax refunds also increased during the period, reaching ₹2,65,199.14 crore against ₹2,13,491.41 crore a year earlier, an increase of 24.22%.
After accounting for refunds, net direct tax collection amounted to ₹13,37,866.98 crore. During the corresponding period of the previous financial year, net collections stood at ₹11,81,786.98 crore.
| Tax collection category | FY 2026–27 | Previous year |
|---|---|---|
| Gross direct tax collection | ₹16,03,066.12 crore | ₹13,95,278.39 crore |
| Total tax refunds | ₹2,65,199.14 crore | ₹2,13,491.41 crore |
| Net direct tax collection | ₹13,37,866.98 crore | ₹11,81,786.98 crore |
Non-Corporate Tax Collection Records Growth
Non-corporate tax collections, which include taxes paid by individuals and other non-corporate taxpayers, reached ₹6,91,965.71 crore during the reported period in FY 2026–27.
The corresponding collection in the previous financial year was ₹6,53,804.16 crore. The latest figures show an increase in collections from this category compared with the same period last year.
Securities Transaction Tax Collection Increases
Securities Transaction Tax (STT), which applies to specified transactions in the securities market, has also recorded substantial growth. According to the released information, STT collections reached approximately ₹46,840 crore, marking an increase of more than 50% compared with the previous year.
The figures form part of the Income Tax Department’s broader direct tax collection update for the current financial year.
Income Tax Refunds Rise by 24.22%
The government issued tax refunds worth approximately ₹2.65 lakh crore up to October 14, 2026. During the same period in the previous financial year, refunds totalled around ₹2.13 lakh crore.
A tax refund is issued when a taxpayer has paid more tax than the amount ultimately due. The refund figures show a 24.22% increase over the corresponding period last year.
How to Check Your Income Tax Refund Status
Taxpayers who have not received their expected refund can check its status online through the Income Tax Department’s official portal.
First, visit the official Income Tax website and log in using your user ID and password. Open the e-File section, select Income Tax Return, and then choose View Filed Returns.
Select the relevant assessment year and click on View Details. The available information about the return and refund status will then appear on the screen.
Disclaimer: This article is intended for general informational purposes only. The tax collection figures and refund details are based on the information provided and should be verified against official Income Tax Department releases. Refund timelines and status may vary for individual taxpayers. For the latest information, consult the official Income Tax e-Filing portal.
