India's net direct tax collections rose 11.76% year on year to ₹14.42 trillion as of Nov 10, supported by stronger corporate tax and securities transaction tax receipts, although higher refunds moderated overall revenue growth.

Collections stood at ₹12.90 trillion during the corresponding period of 2025-26, according to provisional data from the Income Tax Department.

Gross direct tax collections increased 14.02% to ₹17.50 trillion in 2026-27 from ₹15.35 trillion a year earlier.

Tax refunds rose 25.91% to ₹3.08 trillion from ₹2.45 trillion, outpacing growth in gross collections and narrowing the increase in net receipts.

Net corporate tax collections rose about 17.84% to ₹6.32 trillion from ₹5.36 trillion a year earlier.

Securities transaction tax collections climbed about 51.56% to ₹540.78 billion from ₹356.82 billion in the corresponding period last year.

The government has budgeted direct tax collections of ₹26.97 trillion for 2026-27.  End