Direct tax collections rise 14.6% to Rs 5.21 lakh crore so far in FY27; advance tax growth at 15.3%
New Delhi, June 18 -- India's net direct tax collections grew 14.64 per cent year-on-year to Rs 5.21 lakh crore as of June 17 in the current financial year (FY 2026-27), led by strong growth in both corporate and non-corporate tax collections, according to data released by the Income Tax Department.
The data showed that net direct tax collections stood at Rs 5,21,024.82 crore as on June 17, 2026, compared with Rs 4,54,499.18 crore collected during the corresponding period of FY 2025-26.
Gross direct tax collections rose 12.46 per cent year-on-year to Rs 6,10,050.53 crore from Rs 5,42,478.57 crore a year earlier.
Refunds issued during the period increased marginally by 1.19 per cent to Rs 89,025.71 crore, compared with Rs 87,979.39 cror...
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