India's direct tax collections ₹13.37L/cr after refunds, up 13.2%
Business
India's direct tax collections hit ₹13.37 lakh crore by mid-October 2026, after refunds, up 13.2% year-on-year till October 14, 2026.
This boost shows the government is getting better at collecting taxes and growing its revenue base.
India's corporate tax ₹5.99L/cr, non-corporate ₹6.92L/cr
Corporate tax collections shot up by 21%, reaching ₹5.99 lakh crore, while non-corporate tax (income tax) mop-up rose 5.8% year-on-year to ₹6.92 lakh crore.
The securities transaction tax saw a big jump too, up 51%.
On the flip side, the Income Tax Department issued ₹2.65 lakh crore in refunds, a solid 24.2% increase.