Income Tax Department reports 14.64 per cent rise in net direct tax collections to ₹5.21 lakh crore

Key facts

• The Income Tax Department reported net direct tax collections of ₹5,21,024.82 crore as of 17 June 2026 for the financial year 2026-27, marking a 14.64 per cent year-on-year growth.
• Gross direct tax collections for the same period rose 12.46 per cent to ₹6,10,050.53 crore, compared to ₹5,42,478.57 crore in the previous year.
• Securities Transaction Tax (STT) collections increased to ₹18,856.12 crore from ₹13,013.02 crore in the corresponding period of the previous year.
• Advance tax collections for the financial year 2026-27 stood at ₹1,78,373.06 crore as of 17 June 2026, reflecting a growth of 15.30 per cent.
• Corporate advance tax collections grew by 16.01 per cent to ₹1,40,752.74 crore, while non-corporate advance tax collections rose 12.73 per cent to ₹37,620.32 crore.