India April 1-July 13 Net Direct Tax Collections Rise 16.4% to ₹6.51 Trillion 

India's April 1-July 13 net direct tax collections rose 16.4% on year to ₹6.51 trillion, according to Income Tax Department data released today. 

Net direct tax collections were at ₹5.59 trillion in the corresponding period a year earlier.  

The Union Budget for 2026-27 has projected direct tax collections of ₹26.97 trillion, about 13% higher than the revised estimate for 2025-26.

Net non-corporate tax collections, including personal income tax, rose to  ₹3.85 trillion from  ₹3.44 trillion, while net corporate tax collections increased to ₹2.40 trillion from ₹1.97 trillion. 

Securities transaction tax collections rose to ₹26.43 billion from  ₹17.88 billion. 

Gross direct tax collections during the period increased 16.1% on year to ₹7.74 trillion. 

Direct taxes are budgeted to account for more than 61% of the Centre's gross tax revenue, with the government targeting a fiscal deficit of 4.3% of GDP. 

Direct Tax Collections (as on July 13 and in ₹)

Category           April 1-Jul 13 2026.    April 1-Jul 13 2025          Growth

Gross collections      7.74 trillion                6.66 trillion                    16.1%

Refunds                     1.22 trillion                1.07 trillion                   14.6%

Net collections           6.51 trillion.               5.59 trillion                  16.4%

Net corporate tax        2.40 trillion               1.97 trillion                  22.0%

Net non-corporate tax  3.85 trillion               3.44 trillion                 11.7%

Securities transaction   264.29 billion           178.76 billion