Direct Tax Collection 2026: Government’s silver in the first 100 days of the financial year, tax collection increased by 16% to cross ₹ 6.51 lakh crore.

The beginning of the current financial year (Financial Year 2026-27) has been very good for the Indian economy and the government treasury. Within the first 100 days of the financial year, there has been a tremendous increase in the country’s tax collection. According to the latest official data released by the government, the country’s Net Direct Tax Collection has increased by a huge 16.40 percent to more than ₹6.51 lakh crore by July 13, 2026. The most important thing in this bumper increase is that the biggest and most important contribution has been from Corporate Tax, which reflects the strong profits of the companies and the strong economic condition of the country. Key figures of tax collection released by the government According to the government report, direct tax collection both at the gross and net level has created a new record: Net corporate tax collection: It has registered a huge growth of 22 percent on an annual basis and has increased to ₹ 2.40 lakh crore. Non-Corporate Tax Collection: Tax paid by Personal Income Tax, HUF and firms has increased by almost 12 percent to more than ₹3.84 lakh crore. Securities Transaction Tax (STT): Due to the ongoing huge movement in the stock market, STT has seen a stormy rise of 48 percent and has reached the level of ₹ 26,429 crore. Gross Direct Tax Collection: Total direct tax collection at the gross level before refunds has increased by 16.11 per cent to over ₹7.73 lakh crore (this includes ₹3.35 lakh crore of corporate and about ₹4.12 lakh crore of non-corporate). Increase in refunds also: During the period under review, the government has issued refunds of ₹ 1.22 lakh crore to taxpayers, which is 14.57 percent more than the same period last year. What is the government’s big target for the current financial year? The Central Government has set an ambitious target of raising ₹26.97 lakh crore through Direct Tax in the budget of this current financial year (2026-27). This target is 15 percent more than the previous financial year’s ₹23.40 lakh crore. Looking at the pace of the first 100 days, experts believe that the government will easily surpass this target. Global recession and war neutralized; What do the country’s big experts say? Renowned economic and tax analysts of the country have given their positive reaction to these excellent figures: Strong profits of companies: According to Rohinton Sidhwa, Partner, Deloitte India, these strong figures clearly indicate that the ongoing West Asia War (US-Iran Conflict) or the global economic slowdown has not had any significant impact on the corporate earnings of Indian companies and their profits remain strong. Financial Formalization: Jayesh Sanghvi, Tax Partner, EY India, said that along with the sharp rise in corporate tax and the strength seen in advance tax payments, personal income tax collection is also excellent. This shows that tax compliance has improved in the country and the economy is becoming increasingly formalised. India in a strong position: Hitesh Sahni, Partner, Price Waterhouse & Company (PwC) believes that the current trends prove that direct tax collections remain in a very strong position this year, which will give new impetus to the country’s development work in the future.