Income Tax Collection 2026: On October 14, 2026, the Income Tax Department released data regarding gross direct tax (DT) collections, refunds, and net direct tax collections. The country has recorded an increase in direct tax collections for the 2026-2027 financial year. According to the data, the government’s net direct tax collection has reached approximately ₹13.38 lakh crore.
This represents an increase of 13.21% compared to the same period in the previous financial year. It is important to note that direct taxes include both corporate tax—paid by companies—and taxes on individual income. Let us examine these figures in further detail.
Tax Collection Figures as of October 14, 2026
For the 2026-2027 financial year, gross direct tax collection stands at ₹16,03,066.12 crore, compared to ₹13,95,278.39 crore during the same period last year—an increase of 14.89%. Total refunds for the 2026-2027 financial year amount to ₹265,199.14 crore, up from ₹213,491.41 crore in the previous year, marking an increase of 24.22%.
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Net direct tax collection for the 2026-2027 financial year is ₹13,37,866.98 crore, compared to ₹11,81,786.98 crore in the previous year—an increase of 13.21%.
Data on Gross Direct Tax (DT) collections, Refunds and Net Direct Tax (DT) collections for FY 2026-27 as on 14.10.2026 has been released.
The data is available on the national website of Income Tax Department at the following link:
https://t.co/DRP6ZxyGxa
“>October 15, 2026
Increase in Non-Corporate Tax Collection
Regarding non-corporate tax collection, the total for the current financial year, 2026-2027, stands at ₹691,965.71 crore. During the same period last year, the collection was ₹653,804.16 crore. This clearly indicates an increase in non-corporate tax collection compared to the previous year.
Increase in Securities Transaction Tax (STT)
Securities Transaction Tax (STT) is levied on certain transactions in the stock market. According to the released data, STT collection has reached approximately ₹46,840 crore—an increase of more than 50 per cent compared to the previous year.
Increase in Tax Refunds
According to the data, the government has issued tax refunds amounting to approximately ₹2.65 lakh crore up to October 14, 2026. During the same period last year, tax refunds totalled ₹2.13 lakh crore. This represents an increase of 24.22 per cent in the refund amount. A tax refund is the amount returned to a taxpayer who has paid more tax than due.
How to check if you haven’t received your refund
If you have not yet received your income tax refund, you can check its status by following these simple steps:
First, visit the official Income Tax website.
Next, log in using your user ID and password.
Then, click on the ‘e-File’ option available on the home page.
Next, click on ‘Income Tax Return’ and select ‘View Filed Returns’.
Now, click on ‘View Details’ for the relevant assessment year.
Once you click, the status of your refund will appear on the screen.