India’s net direct tax collections rise 12.96% year-on-year to ₹12.12 lakh crore as of September 17 in the 2026-27 financial year, based on Income Tax Department data. The reporting outlets also cite a parallel set of figures on gross collections before refunds and refunds issued.
Gross direct tax collections before refunds increase 15.19% to ₹14.32 lakh crore. Refunds issued during the period grow 29.19% to ₹2.20 lakh crore. The articles attribute the net increase to higher corporate and non-corporate collections: net corporate tax collections reach ₹5.56 lakh crore (up from ₹4.65 lakh crore), while net non-corporate tax collections rise to ₹6.16 lakh crore (from ₹5.81 lakh crore).
Outlets also highlight Securities Transaction Tax (STT) performance, with net STT collections increasing to ₹40,214.36 crore from ₹26,305.72 crore on a year-ago comparison. “Other taxes” on a net basis remain slightly negative (₹-0.20 crore versus a positive ₹280.51 crore a year earlier). While most coverage focuses on the headline growth in net collections, they agree on the underlying components and the cut-off date of September 17.
