Net direct tax collections for the financial year 2026-27 rose 11.76% year-on-year to ₹14,41,978.91 crore as of November 10, 2026, according to data released by the Income Tax Department.
Net collections stood at ₹12,90,204.10 crore on the corresponding date in the previous financial year, FY 2025-26.
Gross direct tax collections increased 14.02% to ₹17,50,285.89 crore as of November 10, compared with ₹15,35,076.31 crore a year earlier.
Refunds issued during the period rose 25.91% to ₹3,08,306.98 crore, against ₹2,44,872.21 crore as of November 10, 2025.
Around 53% of the direct tax collection target for FY 2026-27 had been met as of November 10. The upcoming advance tax payments due on December 15 will be crucial in determining progress towards achieving the annual target.
The Income Tax Department released the figures for gross collections, refunds and net direct tax collections for FY 2026-27 as of November 10. The data is available on the department’s national website.
Data on Gross Direct Tax Collections, Refunds and Net Direct Tax Collections for FY 2026-27 as on 10.11.2026 has been released.
The data is available on the national website of Income Tax Department at the following link:
https://t.co/CmkYmFGowc— Income Tax India (@IncomeTaxIndia) November 11, 2026
Corporate tax collections
Gross corporate tax collections stood at ₹8,01,471.71 crore as of November 10, 2026, compared with ₹6,91,010.61 crore on the corresponding date last year.
Refunds under the corporate tax category increased to ₹1,69,512.18 crore from ₹1,54,724.82 crore. After accounting for refunds, net corporate tax collections stood at ₹6,31,959.53 crore, up from ₹5,36,285.79 crore in the year-ago period.
Non-corporate tax collections
Gross non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities and artificial juridical persons, rose to ₹8,94,716.18 crore from ₹8,08,049.19 crore.
Refunds in this category increased to ₹1,38,771.22 crore, compared with ₹90,126.88 crore a year earlier. Net non-corporate tax collections stood at ₹7,55,944.96 crore, against ₹7,17,922.31 crore in the corresponding period of FY 2025-26.
Securities transaction tax and other taxes
Gross securities transaction tax (STT) collections rose to ₹54,077.90 crore as of November 10, 2026, from ₹35,681.88 crore on the corresponding date last year. No refunds were recorded under this category in either period.
Net STT collections were therefore also at ₹54,077.90 crore, compared with ₹35,681.88 crore a year earlier.
STT collections have already reached around 73% of the FY 2026-27 Budget target of ₹73,700 crore. The government had raised the STT on futures and options (F&O) transactions in the Budget.
Gross collections under other taxes stood at ₹20.10 crore, against ₹334.63 crore in the year-ago period. After refunds of ₹23.58 crore, net collections under this category were negative at ₹3.48 crore. In the corresponding period last year, net collections stood at ₹314.12 crore.