India’s Net Direct Tax Collection Rises 13% to US$ 128.94 billion on Higher Advance Tax Mop-Up
- IBEF
- September 21, 2026
India’s net direct tax collection increased 13% year-on-year to over Rs. 12.12 lakh crore (US$ 128.94 billion) between April 1 and September 17, 2026, supported by higher advance tax collections, according to data released by the Central Board of Direct Taxes. Corporate tax collection rose 19.48% to around Rs. 5.56 lakh crore (US$ 59.15 billion), while non-corporate tax collection, including taxes from individuals and Hindu Undivided Families, increased 6% to over Rs. 6.16 lakh crore (US$ 65.53 billion). Securities Transactions Tax collection also recorded strong growth of 53% to Rs. 40,214 crore (US$ 4.28 billion) during the period. The data reflects sustained momentum in direct tax mobilisation during the first half of the current fiscal year.
Gross direct tax collection grew 15% to over Rs. 14.32 lakh crore (US$ 152.34 billion) during the period, while tax refunds issued by the Government increased 29.19% to more than Rs. 2.20 lakh crore (US$ 23.40 billion). Advance tax collections, an important indicator of tax inflows during the fiscal year, increased 16.18% to around Rs. 5.22 lakh crore (US$ 55.53 billion) by September 17, 2026. Advance corporate tax payments grew 18% to more than Rs. 4.16 lakh crore (US$ 44.26 billion), while non-corporate advance tax payments increased 9.24% to Rs. 1.06 lakh crore (US$ 11.28 billion). The increase in advance tax collections, along with broad-based growth in corporate and non-corporate tax receipts, highlights continued momentum in India’s direct tax revenue mobilisation during the current fiscal year.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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