Direct tax mop-up rises 13.21% to Rs 13.38 lakh crore till October 14

India’s net direct tax collections reached Rs 13,37,866.98 crore for FY2026-27 as of October 14. Gross collections increased to Rs 16,03,066.12 crore, while refunds rose by 24.22 percent year-on-year. Net corporate tax receipts stood at Rs 5,99,062.48 crore, showing considerable growth from the previous year. Non-corporate tax collections also increased alongside significant rises in refunds in that category. Overall, direct tax receipts reflected a strong growth trend amid increasing refunds.