India's net direct tax collections rise 11.8% to ₹14.42 trillion

India collected ₹14.42 trillion in net direct taxes from April 1 to November 10 of the 2026-27 financial year.

That was 11.8% more than in the same period a year earlier, according to provisional figures from the Income Tax Department.

The total is 53.5% of the government’s full-year target of ₹26.97 trillion.

Before refunds were deducted, direct tax collections rose 14% to ₹17.50 trillion, while refunds grew 25.9% to ₹3.08 trillion.

Corporate tax receipts grew faster than taxes from individuals and other non-corporate taxpayers.

Non-corporate net collections rose 5.3%, compared with 17.8% growth in net corporate collections.

Higher refunds held back net growth, but the government still needs collections to rise about 15.3% over the full year to meet its target.

A tax expert cited in the figures said the target appeared achievable, with refunds often higher in the first three quarters and stronger advance tax collections expected in the final quarter.