THEBUSINESSBYTES BUREAU
NEW DELHI, NOVEMBER 11, 2026
Net direct tax collection grew 11.76 per cent year-on-year to Rs 14.42
lakh crore during April 1-November 10 of the current financial year, reflecting
higher corporate tax and securities transaction tax receipts, according to
government data released on Wednesday.
The net collection stood at around Rs 14.42 lakh crore during the period,
accounting for nearly 53 per cent of the government's full-year direct tax
target of Rs 26.97 lakh crore for FY27.
Net corporate tax collection registered a robust growth of 18 per cent to
Rs 6.32 lakh crore, while net non-corporate tax mop-up, comprising taxes paid
by individuals, firms and Hindu Undivided Families (HUFs), increased 5.3 per
cent to approximately Rs 7.56 lakh crore.
Securities Transaction Tax (STT) collection witnessed a sharp jump of 52
per cent to Rs 54,078 crore during the April-November 10 period, indicating a
significant rise in receipts from transactions in the securities market.
Meanwhile, the government issued refunds worth Rs 3.08 lakh crore during
the period, registering a substantial 26 per cent increase over the
corresponding period of the previous financial year.
On a gross basis, direct tax collection rose 14 per cent to Rs 17.50 lakh
crore till November 10. Gross corporate tax receipts stood at Rs 8.01 lakh
crore, while gross non-corporate tax collection amounted to Rs 8.94 lakh crore.
The Centre has budgeted direct tax receipts of Rs 26.97 lakh crore for FY27, envisaging a growth of around 15 per cent over the Rs 23.40 lakh crore collected in FY26.
With net collections already reaching approximately 53 per cent of the annual target by November 10, the government has collected Rs 14.42 lakh crore in the first seven months and ten days of the current fiscal, according to the data.
