India collected Rs14.42 lakh crore in net direct taxes from April 1 through Nov. 10, The Economic Times reported, citing Income Tax Department data. The amount is about 53% of the full-year target set in the Union Budget for fiscal 2026-27.
The budget set the direct-tax receipts target at Rs26.97 lakh crore. Comparing that target with the collection figure reported by The Economic Times gives a share of roughly 53%.
Gross direct-tax collections before refunds stood at Rs17.50 lakh crore, up 14.02%, the newspaper reported. Refunds totaled Rs3.08 lakh crore, nearly 26% more than the Rs2.45 lakh crore recorded a year earlier. Net collections count receipts after refunds, while gross collections are measured before them.
Net corporate tax collections reached Rs6.32 lakh crore, compared with Rs5.36 lakh crore in the same period a year earlier, according to the report. Net non-corporate collections rose to Rs7.56 lakh crore from Rs7.18 lakh crore. The reported growth rates were 17.84% for corporate receipts and 5.30% for non-corporate receipts.
The Income Tax Department describes the non-corporate category as including taxes paid by individuals, Hindu Undivided Families, firms and other entities. Securities Transaction Tax collections were Rs54,077.90 crore, up from Rs35,681.88 crore a year earlier, The Economic Times reported, an increase of 51.56%.
