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, 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 crore in the same period last year.
Among the major tax categories, corporate tax collections on a gross basis rose to Rs 2,76,538.46 crore from Rs 2,48,415.90 crore, registering growth of around 11.3 per cent.
Gross non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AoPs), Bodies of Individuals (BoIs), local authorities and artificial juridical persons, increased to Rs 3,14,653.07 crore from Rs 2,80,790.28 crore.
Securities Transaction Tax (STT) collections recorded a sharp increase, rising to Rs 18,856.12 crore from Rs 13,013.02 crore in the year-ago period.
On a net basis, corporate tax collections stood at Rs 2,08,233.47 crore, up from Rs 1,70,071.09 crore a year ago. Net non-corporate tax collections rose to Rs 2,93,937.56 crore from Rs 2,71,157.81 crore.
The data also showed healthy growth in advance tax collections, often seen as an indicator of income and profit trends.
Advance tax collections for FY27 as of June 17 stood at Rs 1,78,373.06 crore, up 15.30 per cent from Rs 1,54,706.02 crore collected during the same period last year.
Corporate advance tax collections increased 16.01 per cent to Rs 1,40,752.74 crore, while non-corporate advance tax collections rose 12.73 per cent to Rs 37,620.32 crore.
The figures indicate continued momentum in direct tax revenues in the early months of the financial year, supported by growth in both corporate and non-corporate tax payments.
— ANI
Reader Comments
Interesting to see STT collections jumping 45% - stock market participants are definitely paying more. Hope this revenue is used to strengthen our education and healthcare systems.
Advanced tax growth at 15.3% shows businesses and individuals are earning more. But with inflation being what it is, many salaried people are still feeling the pinch. Hope the government simplifies tax slabs for the middle class soon.
Great to see corporate tax growing at 11.3% - shows our economy is on the right track. Also happy about the efficient refund process (1.19% increase, but at least refunds are coming faster now). Keep it up, Income Tax Department! 💪
The 15.3% advance tax growth is particularly impressive - it means both companies and individuals have stronger income visibility. But we need to ensure this translates to job creation and wage growth for the common person.
Finally some good economic news! The non-corporate tax segment growing at 12% shows more people are coming into the tax net. But why is the refund amount only 1% higher? Many people are still waiting for their returns from last year. 🤔
As an NRI, I track these numbers closely
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