IndiaDirect tax collections in India saw a 16.40% increase to over ₹6.51 lakh crore by July 13, FY27, according to government data released on July 14, 2026. Corporate tax contributions rose 22% to ₹2.40 lakh crore, while net non-corporate tax (NCT) collections, including those from individuals, HUFs, and firms, increased by 12% to over ₹3.84 lakh crore. Refunds totaling ₹1.22 lakh crore were issued, marking a 14.57% rise compared to the same period last year. On a gross basis, direct tax collections grew 16.11% to ₹7.73 lakh crore, with corporate tax at ₹3.35 lakh crore and NCT at ₹4.12 lakh crore. The government aims to collect ₹26.97 lakh crore from direct taxes in FY27, representing a 15% increase from FY26's ₹23.40 lakh crore.
Bias read (Center): The article presents factual data on direct tax collections without overtly favoring any political ideology. It reports on economic indicators and government financial targets without commentary on policy effectiveness or political implications, maintaining a balanced tone.
