India’s net direct tax collections rise 11.76% to US$ 151.71 billion from April 1 to November 10, 2026
- IBEF
- November 12, 2026
India’s net direct tax collections increased by 11.76% year-on-year to Rs. 14.42 lakh crore (US$ 151.71 billion) between April 1 and November 10, 2026, compared with Rs. 12.90 lakh crore (US$ 145.98 billion) in the corresponding period of the previous financial year, according to data released by the Income Tax Department. Gross direct tax collections, before adjusting for refunds, rose by 14.02% to Rs. 17.50 lakh crore (US$ 184.11 billion), up from Rs. 15.35 lakh crore (US$ 173.59 billion) a year earlier. The growth was supported by higher corporate and non-corporate tax receipts, with net corporate tax collections increasing by approximately 17.84% to Rs. 6.32 lakh crore (US$ 66.49 billion), compared with Rs. 5.36 lakh crore (US$ 60.65 billion) in the corresponding period last year. Net non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities, rose by 5.30% to Rs. 7.56 lakh crore (US$ 79.54 billion), from Rs. 7.18 lakh crore (US$ 81.25 billion).
Securities Transaction Tax (STT) collections recorded a significant increase of approximately 51.56% to Rs. 54,077.90 crore (US$ 5.69 billion), compared with Rs. 35,681.88 crore (US$ 4.04 billion) during the year-ago period. Direct tax refunds also increased by nearly 26% to Rs. 3.08 lakh crore (US$ 32.40 billion) as of November 10, 2026, compared with Rs. 2.45 lakh crore (US$ 27.72 billion) in the corresponding period of the previous financial year. For FY27, the Government has set a direct tax collection target of Rs. 26.97 lakh crore (US$ 283.75 billion), representing 15% growth over the Rs. 23.40 lakh crore (US$ 264.79 billion) collected in FY26. By November 10, 2026, net direct tax collections had reached approximately 53% of the annual target, reflecting progress in revenue mobilisation during the financial 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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