Direct tax collections rise 15% to rRs.r16.03 lakh crore up to October 14
India, Oct. 15 -- The gross direct tax collections in 2026-27 up to October 14 jumped nearly 15% on an annualised basis to around Rs.16.03 lakh crore, with net revenue after refunds increasing by over 13% to Rs.13.37 lakh crore due to stronger receipts from all key segments, according to government data released on Friday.
Gross direct tax collection in the first seven months of the current financial year (April 1-October 13 of FY27) rose 14.89% to Rs.1,6,03,066.12 crore, up from Rs. 1,39,52,78.39 crore in the same period of the previous fiscal year (FY26).
After refunds, net direct tax revenue surged 13.21% to Rs.13,37,866.98 crore in FY27 (up to October 14), up from Rs.11,81,786.98 crore in the same period last fiscal year.
Total ref...
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