NEW DELHI – August 12, 2026 – India’s net direct tax collections have witnessed a substantial surge, climbing to an impressive ₹8.11 lakh crore by August 10, 2026. This figure marks a robust 23.09% increase compared to the ₹6.59 lakh crore collected during the same period in the previous fiscal year, as revealed by the latest data from the Income Tax Department.

The remarkable rise translates to an additional ₹1.52 lakh crore in net tax receipts over the comparable period of 2025, underscoring a strong trajectory in the nation’s fiscal health. This growth is attributed to higher collections across various key categories, with non-corporate taxes emerging as the primary driver of this significant upswing.

Non-Corporate Sector Leads the Charge

The non-corporate tax segment has shown particularly impressive growth, with collections climbing to ₹5.07 lakh crore by August 10, 2026. This is a significant jump from ₹4.11 lakh crore in the same period last year, marking an increase of approximately 23.4%. This category encompasses taxes paid by a diverse group including individuals, Hindu Undivided Families (HUFs), firms, associations of persons (AOPs), bodies of individuals (BOIs), local authorities, and artificial juridical persons.

The robust performance of non-corporate taxes suggests enhanced economic activity at the individual and smaller business levels, reflecting improved incomes and compliance across a broad spectrum of the Indian economy.

Corporate Tax and STT Also Contribute Significantly

Corporate tax collections also demonstrated a strong upward trend. Net collections from corporate tax rose to ₹2.70 lakh crore, up from ₹2.26 lakh crore in the corresponding period of the previous year. This translates to a healthy growth of approximately 19.8%, indicating a positive environment for corporate earnings and profitability.

Further bolstering the direct tax kitty, Securities Transaction Tax (STT) collections recorded another substantial increase. STT, levied on transactions involving securities on stock exchanges, soared to ₹33,823.74 crore, significantly higher than the ₹22,354.31 crore collected a year earlier. This sharp rise points towards increased trading volumes and investor participation in the Indian equity markets.

Refunds See Marginal Increase Amidst Overall Growth

While the overall collection figures present a very positive picture, net collections under “other taxes” registered a marginal decline. Simultaneously, the government processed a higher volume of refunds during this period. As of August 10, 2026, refunds amounting to ₹1.43 lakh crore were issued, a 3.79% increase from the ₹1.38 lakh crore refunded in the corresponding period last year.

These early-month collection figures for FY 2026-27 provide a strong indicator of India’s economic resilience and effective tax administration. The balanced contribution from both corporate and non-corporate segments underscores a broad-based economic recovery and growth momentum, setting a positive tone for the fiscal year ahead.