
Net direct tax collection has demonstrated robust growth, reaching ₹8.11 lakh crore by August 10, 2026, according to latest provisional government data released by the income tax department. This represents a significant 23.09% increase year-on-year, indicating strong taxpayer compliance and government revenue generation capabilities. The substantial growth reflects effective tax administration and policy measures, with both corporate and individual taxpayers contributing meaningfully to the overall collection. The latest figures show the increase in net tax receipts at ₹1.52 lakh crore over the comparable period of 2025.
Net corporate tax collections showed strong improvement, increasing to ₹2.70 lakh crore compared with ₹2.26 lakh crore in the corresponding period last year. This represents a significant improvement in corporate tax receipts and demonstrates enhanced compliance from corporate taxpayers. The robust corporate tax performance forms a crucial component of the government's revenue generation strategy, with the 19.8% growth indicating strong corporate sector performance. Before refunds, gross direct tax collections had reached ₹9.55 lakh crore by August 10, compared with ₹7.97 lakh crore a year earlier, marking a year-on-year increase of 19.75%.
Net non-corporate tax collections, including taxes from individuals and various taxpayer categories, rose substantially to ₹5.07 lakh crore from ₹4.11 lakh crore a year earlier. This strong growth in individual and non-corporate tax contributions reflects effective tax policy implementation and improved compliance across different taxpayer segments. The category covers taxes paid by individuals, Hindu Undivided Families, firms, associations of persons, bodies of individuals, local authorities and artificial juridical persons. The data also showed exceptional growth in Securities Transaction Tax (STT), with net collections climbing to ₹33,824 crore compared with ₹22,354.31 crore during the same period last year, representing a remarkable 51% growth.
The substantial growth in direct tax collections reflects the government's effective tax administration and policy measures. Gross direct tax collections increased by ₹1.57 lakh crore from ₹7.97 lakh crore as of August 10 last year to ₹9.55 lakh crore this year. The government issued refunds worth around ₹1.43 lakh crore, up 3.8% from the corresponding period last year. This 23.09% increase in net direct tax collection demonstrates the government's ability to maintain strong revenue generation from direct taxes, which form a crucial component of the country's overall tax base.
The government has budgeted to collect ₹26.97 lakh crore from direct taxes in the current fiscal year, representing a 15% growth over the ₹23.40 lakh crore collected in FY26. The current collection figures of ₹8.11 lakh crore by August 10 position the government well toward achieving these ambitious targets. This breaking news development comes as part of the government's broader fiscal management strategy for FY27, with the figures covering taxes paid by companies, individuals, Hindu Undivided Families, firms, associations and other taxable entities, providing a positive signal for the government's revenue position in the ongoing financial year.