Net direct tax collection grows 13% to ₹13.38 lakh crore till October 14

Net direct tax collection rose 13.21% to about ₹13.38 lakh crore between April 1 and October 14, driven by a healthy pick-up in corporate taxes.

Net corporate tax mop-up grew 20.58% to over ₹5.99 lakh crore, while non-corporate tax (paid by individuals, firms and HUFs) rose 5.83% to about ₹6.92 lakh crore so far this fiscal year.

Collection from securities transaction tax (STT) swelled 52% to ₹46,840 crore till October 14 of FY27.

Refund issuances soared 24.22% year-on-year to ₹2.65 lakh crore during the period.

On a gross basis, direct tax collection rose 15% to ₹16.03 lakh crore till October 14. This included corporate tax collection of ₹7.53 lakh crore and non-corporate tax of ₹8.03 lakh crore.