India, Oct. 15 -- India's net direct tax collections rose 13.21% year-on-year to Rs13.38 lakh crore as of October 14, 2026, reflecting higher receipts from corporate tax, non-corporate tax and securities transaction tax (STT). According to data released by the Income Tax Department, gross direct tax collections increased 14.89% to Rs16.03 lakh crore, compared with Rs13.95 lakh crore during the corresponding period of the previous financial year.

Refunds issued by the tax department also increased during the period. Total refunds rose 24.22% to Rs2.65 lakh crore, compared with the year-earlier period. The difference between gross collections and refunds resulted in net direct tax receipts of Rs13.38 lakh crore, according to the official ...