Tax collections are an important source of revenue for the Indian government. They help fund public services, infrastructure and development programmes across the country.
India’s direct tax collections have recorded strong growth during the current financial year. According to the latest figures released by the Income Tax Department, gross direct tax collections reached ₹17.50 lakh crore between April 1 and November 10.
This marks a 14.02% increase compared with the same period last year. After adjusting for refunds, net collections stood at ₹14.42 lakh crore, showing a growth of 11.76%.
Corporate tax collections also recorded an increase. Net corporate tax receipts rose by around 17.84% to ₹6.32 lakh crore.
Meanwhile, refunds issued during the period increased by nearly 26% to ₹3.08 lakh crore.
The government has set a direct tax collection target of ₹26.97 lakh crore for 2026-27. The latest figures show that around 53% of the target has already been achieved.
