Income Tax 17 October 2026
India's Net Direct Tax Collections Jump 13.21% to Rs 13.38 Lakh Crore
India’s net direct tax collections climbed 13.21% to Rs 13.38 lakh crore as of 14 Oct 2026, while tax refunds surged 24.22% in the same period. The rise reflects stronger revenue inflows despite higher refund payouts, signalling robust fiscal performance amid ongoing economic recovery.
Net Direct Tax Collections Surge
India’s net direct tax collections rose to Rs 13.38 lakh crore, a 13.21% increase year‑to‑date (till 14 Oct 2026).
- Tax refunds also climbed, up 24.22%, indicating larger payout activity.
- The growth suggests stronger revenue intake despite the higher refunds, pointing to a resilient fiscal backdrop.
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