In the financial year 2026-27, till June 17, the country's net direct tax collection has increased by 14.64 percent to Rs 5.21 lakh crore. According to government data released on Thursday, this increase has been recorded due to good increase in tax collection from both corporate and non-corporate categories.
Increase in corporate tax by more than 22%
During this period, net corporate tax collection increased by 22.47 percent to Rs 2.08 lakh crore. At the same time, non-corporate tax collection from individuals, Hindu Undivided Families (HUF), firms and other institutions increased by 8.40 percent to Rs 2.94 lakh crore.
Till June 17, the government received Rs 18,856 crore from Securities Transaction Tax (STT) imposed on stock market transactions. In the same period of the last financial year, this figure was Rs 13,013 crore. That means a good increase was also seen in STT collection. At the same time, the amount of tax refund issued by the government to taxpayers increased by 1.19 percent to Rs 89,026 crore.
By June 17, Gross Direct Tax Collection increased by 12.46 percent to Rs 6.10 lakh crore. In the same period last year, this figure was Rs 5.42 lakh crore. In this, gross corporate tax collection was Rs 2.77 lakh crore and non-corporate tax collection was Rs 3.15 lakh crore.
In the financial year 2026-27, advance tax collection increased by 15.3 percent to Rs 1.78 lakh crore. Corporate advance tax collection increased by 16.01 percent to Rs 1.41 lakh crore. Non-corporate advance tax collection increased by 12.73 percent to Rs 37,620 crore.
Experts believe that the strong increase in advance tax is an indication that the income and profit situation of companies and taxpayers remains better in the current financial year. This is being considered a positive sign for the Indian economy.
