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Informist, Thursday, Jun. 18, 2026

 

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--Govt: Apr 1-Jun 17 gross direct tax collection INR 6.10 tln, up 12.46%
--Govt: Apr 1-Jun 17 net direct tax collection INR 5.21 tln, up 14.64%
--Govt: Apr 1-Jun 17 direct tax refunds INR 890.26 bln, up 1.19%
--Govt: Apr 1-Jun 17 net corporate tax collection INR 2.08 tln, up 22.4%
--Govt: Apr 1-Jun 17 STT collection INR 188.56 bln, up 44.9%
--Govt: Apr 1-Jun 17 direct tax mop-up 19% of FY27 Budget aim

 

NEW DELHI – The government's net direct tax collections rose 14.6% on year to INR 5.210 trillion during Apr. 1-Jun. 17, helped by a 22.4% year-on-year increase in corporate tax collections, data released by the finance ministry Thursday showed. Net direct tax collections so far have accounted for 19.3% of the Budget target of INR 26.97 trillion for the financial year 2026-27 (Apr-Mar).

 

On a gross basis, the government collected INR 6.100 trillion in direct taxes till Wednesday, up 12.5% on year. Net corporate tax collections rose 22.4% on year to INR 2.082 trillion. Non-corporate tax collections grew 8.4% on year to INR 2.939 trillion. Non-corporate tax includes taxes paid by individuals, Hindu Undivided Families, firms, associations of persons, bodies of individuals, local authorities, and artificial juridical persons. The Budget had projected corporate tax collections to grow 11% to INR 12.31 trillion in FY27.

 

The government has issued refunds worth INR 890.26 billion as of Wednesday, up 1.2% from a year ago. It has collected INR 188.56 billion in securities transaction tax till Wednesday, up 44.9% on year, likely due to the increase in securities transaction tax on futures transactions to 0.05% from 0.02% in the Budget for FY27.

 

Advance tax collections, an indicator of corporate profitability and individual incomes, rose 15.3% on year to INR 1.783 trillion during Apr. 1-Jun. 17. Advance tax is paid in four instalments in June, September, December, and March.  End

 

Reported by Pratiksha

Edited by Rajeev Pai

 

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