New Delhi, Oct. 15 -- India's net direct tax collections rose 13.21 per cent year-on-year to Rs 13.38 lakh crore as of October 14 in the financial year 2026-27, according to data released by the Income Tax Department, with refunds rising at a faster pace and gross collections increasing 14.89 per cent during the period.

Net direct tax collections stood at Rs 13,37,866.98 crore as of October 14, compared with Rs 11,81,786.98 crore in the corresponding period of the previous financial year, the data showed.

Gross direct tax collections increased to Rs 16,03,066.12 crore from Rs 13,95,278.39 crore a year earlier. However, refunds rose 24.22 per cent to Rs 2,65,199.14 crore, compared with Rs 2,13,491.41 crore in the corresponding period las...