The government data has showed that net direct tax collection increased 16.40 per cent to over Rs 6.51 lakh crore till July 13 of the current financial year (FY27). The growth was largely driven by higher corporate tax mop-up.
During the period, net corporate tax collection rose 22 per cent to Rs 2.40 lakh crore, while net non-corporate tax (NCT) collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs) and firms, grew nearly 12 per cent to over Rs 3.84 lakh crore. The government issued refunds worth Rs 1.22 lakh crore till July 13, marking a 14.57 per cent increase over the corresponding period last year.
On a gross basis, direct tax collection increased 16.11 per cent to over Rs 7.73 lakh crore. Gross corporate tax collections stood at over Rs 3.35 lakh crore, while gross non-corporate tax (NCT) collections reached about Rs 4.12 lakh crore. For FY27, the government has set a direct tax collection target of Rs 26.97 lakh crore, representing a 15 per cent increase over the Rs 23.40 lakh crore collected in FY26.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: