India's net direct tax collections rose 14.64% year-on-year to ₹5.21 lakh crore as of June 17 in FY27, driven by robust growth in both corporate and non-corporate tax revenues, according to the Income Tax Department. Net direct tax collections stood at ₹5,21,024.82 crore, up from ₹4,54,499.18 crore during the same period of FY26. Gross direct tax collections increased 12.46% to ₹6,10,050.53 crore compared with ₹5,42,478.57 crore a year earlier, while tax refunds issued edged up 1.19% to ₹89,025.71 crore.

Gross corporate tax collections climbed about 11.3% to ₹2,76,538.46 crore from ₹2,48,415.90 crore. Gross non-corporate tax collections—which include taxes paid by individuals, HUFs, firms, AoPs, BoIs, local authorities, and other entities—rose to ₹3,14,653.07 crore from ₹2,80,790.28 crore. Collections from Securities Transaction Tax (STT) registered strong growth, increasing to ₹18,856.12 crore from ₹13,013.02 crore in the corresponding period last year.

On a net basis, corporate tax collections grew to ₹2,08,233.47 crore from ₹1,70,071.09 crore, while net non-corporate tax collections rose to ₹2,93,937.56 crore from ₹2,71,157.81 crore. Advance tax collections, a key indicator of income and profitability trends, also showed healthy momentum. As of June 17, advance tax collections for FY27 reached ₹1,78,373.06 crore, up 15.3% from ₹1,54,706.02 crore a year earlier.

Corporate advance tax payments increased 16.01% to ₹1,40,752.74 crore, while non-corporate advance tax collections rose 12.73% to ₹37,620.32 crore. The data points to sustained strength in direct tax revenues during the opening months of FY27, supported by higher tax payments from both corporate and non-corporate taxpayers.