Net direct tax collections rise 13.2% to ₹13.38 lakh crore till Oct 14

Net direct tax collections grew 13.21% year-on-year to ₹13.38 lakh crore as of October 14 in the current financial year, according to official data.

Net collections stood at ₹11.82 lakh crore in the corresponding period of the previous financial year, the data showed.

Gross direct tax collections rose 14.89% to ₹16.03 lakh crore during April 1-October 14, 2026, from ₹13.95 lakh crore a year earlier.

However, refunds issued during the period increased 24.22% to ₹2.65 lakh crore, compared with ₹2.13 lakh crore in the year-ago period.

Net corporate tax collections rose to ₹5.99 lakh crore from ₹4.97 lakh crore a year earlier, while non-corporate tax collections increased to ₹6.92 lakh crore from ₹6.54 lakh crore.

Non-corporate tax includes taxes paid by individuals, Hindu Undivided Families (HUFs), firms, associations of persons, bodies of individuals and local authorities, among others.

Collections from securities transaction tax (STT) increased to ₹46,840 crore from ₹30,902 crore in the year-ago period.