Economy, Banking and Finance · 18 July 2026
India’s Net Direct Tax Collections Rise 16.4% to ₹6.51 Lakh Crore as of July 13
Exam-focused facts from the 18 July 2026 current affairs briefing.
Key facts
- Net direct tax collections grew 16.4% year-on-year to ₹6.51 lakh crore as of July 13 in FY27.
- Net corporate tax collection rose 22% to ₹2.40 lakh crore.
- Net non-corporate tax (NCT) collections grew about 12% to over ₹3.84 lakh crore.
- Gross direct tax collections rose 16.11% to ₹7.73 lakh crore.
- Securities Transaction Tax (STT) collections increased to ₹26,428.96 crore from ₹17,875.88 crore.
- Refunds worth ₹1.22 lakh crore were issued, up 14.57% over the year-ago period.
- The government budgeted to collect ₹26.97 lakh crore from direct taxes in FY27, a 15% growth over ₹23.40 lakh crore collected in FY26.