India April 1-July 13 Net Direct Tax Collections Rise 16.4% to ₹6.51 Trillion 

India's April 1-July 13 net direct tax collections rose 16.4% on year to ₹6.51 trillion, according to Income Tax Department data released today. 

Net direct tax collections were at ₹5.59 trillion in the corresponding period a year earlier.  

The Union Budget for 2026-27 has projected direct tax collections of ₹26.97 trillion, about 13% higher than the revised estimate for 2025-26.

Net non-corporate tax collections, including personal income tax, rose to  ₹3.85 trillion from  ₹3.44 trillion, while net corporate tax collections increased to ₹2.40 trillion from ₹1.97 trillion. 

Securities transaction tax collections rose to ₹26.43 billion from  ₹17.88 billion. 

Gross direct tax collections during the period increased 16.1% on year to ₹7.74 trillion. 

Direct taxes are budgeted to account for more than 61% of the Centre's gross tax revenue, with the government targeting a fiscal deficit of 4.3% of GDP.