New Delhi, 14 July. India’s gross direct tax collections (DTC) have grown at a strong pace in the current financial year. As of July 13, 2026, the figure has increased by 16.11 percent on an annual basis to Rs 7.74 lakh crore. According to the official data released by the Finance Ministry on Tuesday, the main reason behind this increase is the good increase in corporate tax, non-corporate tax and Security Transaction Tax (STT).
Net collection also increased
After adjusting refunds, net direct tax collections increased by 16.4 percent to Rs 6.51 lakh crore. During this period, the refunds issued increased by 14.57 percent and this figure reached Rs 1.22 lakh crore.
Sector-wise performance
- Corporate tax collection (net): Rs 2.40 lakh crore (1.97 lakh crore last year)
- Non-corporate tax collections (net): Rs 3.85 lakh crore (3.44 lakh crore last year)
- Gross corporate tax: Rs 3.35 lakh crore
- Gross non-corporate taxes: Rs 4.12 lakh crore
- Securities Transaction Tax (STT): Rs 26,428.96 crore (previous year Rs 17,875.88 crore)
Experts believe that the continued strong growth in direct tax collections reflects the healthy pace of the country’s economy and strong domestic factors. These figures are based on taxes paid by individual taxpayers, companies, Hindu Undivided Families (HUFs), firms and other entities.
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