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India registers 15% increase in net income tax collection till June 17
Jun-19-2026

Data released by the Income Tax Department has showed that India’s net income tax collection increased 14.64 per cent year-on-year to over Rs 5.21 lakh crore during the April 1-June 17 period of this fiscal (FY27) as compared with Rs 4.54 lakh crore collected in the corresponding period last year. The increase was primarily driven by strong growth in both corporate and non-corporate tax receipts.   

On a net basis, corporate tax collection rose 22 per cent to Rs 2.08 lakh crore as of June 17 as compared to Rs 1.70 lakh crore in the same period a year earlier. Net non-corporate tax collections, which include taxes paid by individuals, firms, HUFs and other entities, increased 8.4 per cent to Rs 2.94 lakh crore so far this fiscal year from Rs 2.71 crore in the year ago period. Tax refunds issued during the period stood at Rs 89,026 crore, registering a modest increase of 1.19 per cent over Rs 87,979 crore refunded in the corresponding period last year.  

On a gross basis, direct tax collection rose 12.46 per cent to over Rs 6.10 lakh crore till June 17, against Rs 5.42 lakh crore a year ago. Gross corporate tax collections stood at Rs 2.77 lakh crore, while non-corporate tax receipts were Rs 3.15 lakh crore. The government's direct tax collection target is set at Rs 26.97 lakh crore for FY27, representing a 15 per cent growth rate over the Rs 23.40 lakh crore collected in FY26.


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