Direct tax collections rise 11.8%, exceed budgeted pace
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Direct tax collections rose 11.8%, exceeding the budgeted growth rate for FY27.
- ✓The government collected Rs 17.50 lakh crore in gross direct taxes till November 10.
- ✓While corporate tax collections grew by 17.8%, non-corporate tax collections rose 5.3%.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
After trailing the budgeted growth rate in recent weeks, collections have started keeping pace with the Budget Estimate for FY27. Gross direct tax receipts (before devolution to states) were budgeted to grow at 11.4% in the current financial year.
Total direct tax collections so far this year account for 53.4% of the government's budgeted direct tax collections target of Rs 26.97 lakh crore for 2026-27 (April-March). The pace of collections till now is slightly higher than the 11.4% growth projected in the Budget for FY27.
Collections remained strong even as refunds saw a 26% jump from a year ago. The government collected Rs 17.50 lakh crore in direct taxes before refunds till November 10, up 14% on year.
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