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[BUSINESS] · India · 5 sources

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Part of situation: Indian economic and fiscal performance (2 clusters)

India direct tax collections rise 13% to Rs 12.12 lakh crore

direct tax collections advance tax corporate tax Securities Transaction Tax fiscal year 2027

India’s net direct tax collections rose approximately 13% to Rs 12.12 lakh crore for the first half of the 2026-27 financial year, as of September 17. This growth was driven largely by an increase in advance tax payments, which grew 16.18% to Rs 5.22 lakh crore.

Corporate advance tax collections saw a significant rise of 18.09%, reaching Rs 4.16 lakh crore, while non-corporate advance tax increased by 9.24% to Rs 1.06 lakh crore. Gross direct tax collections reached Rs 14.32 lakh crore, a 15.19% increase compared to the same period last year.

While collections grew, tax refunds also saw a substantial rise of 29.19%, totaling Rs 2.20 lakh crore. Within the net collections, corporate tax contributed Rs 5.56 lakh crore, and non-corporate tax contributed Rs 6.16 lakh crore. Additionally, Securities Transaction Tax (STT) collections experienced sharp growth, rising 53% to reach Rs 40,214 crore.

Entities

Central Board of Direct Taxes · Income Tax Department · India

Sources

India's STT Collections Rise 52. 9% to Rs 40,214 Crore by 17th Sept 2026 [www.caclubindia.com]
Net Direct tax collections rises 13% to over Rs 12. 12 L Cr [nagalandpost.com]
Direct tax mop-up rises 13% to Rs 12. 12 lakh crore in H1 of FY27 [newsable.asianetnews.com]
Net Direct Tax Collections Surge 13% to ₹12. 12 Lakh Crore Till Sept 17 [www.deccanchronicle.com]
Net direct tax collections rise 12. 96 per cent to Rs 12. 12 lakh crore [www.newindianexpress.com]