Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17
India's net direct tax collection grew by 13% to over ₹12.12 lakh crore for the current fiscal year up to September 17. The growth was driven by significant increases in corporate tax, non-corporate tax, and securities transaction tax collections.
Why it matters
Strong tax collection figures indicate robust economic activity and provide the government with more fiscal space for public spending.
The government's net direct tax collection rose 13% to over ₹12.12 lakh crore till September 17 of the current fiscal on higher advance tax mop-up, according to the latest data released on Friday (September 18, 2026).
Corporate tax mop-up grew 19.48% to about ₹5.56 lakh crore, while non-corporate tax (individuals and HUFs) mop-up increased 6% to over ₹6.16 lakh crore. Securities Transactions Tax (STT) collection grew 53% to ₹40,214 crore between April 1 and September 17, 2026.
Refund issuance jumped 29.19% to over ₹2.20 lakh crore till September 17, the data released by the Central Board of Direct Taxes (CBDT) showed.
Gross direct tax collection clocked a 15% growth totalling over ₹14.32 lakh crore.
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