Summary
- Direct tax collections for FY 2026-27 have surged by 13.21% as of October 14, 2026, reaching ₹13,37,866.98 crore.
- Gross collections increased by 14.89% to ₹16,03,066.12 crore, with corporate tax contributing ₹7,52,961.56 crore and non-corporate tax ₹8,03,245.26 crore.
- Refunds also rose significantly by 24.22%, amounting to ₹2,65,199.14 crore compared to the previous year.
- This growth signals a robust recovery in India's tax base and may influence future fiscal policies and budget planning.
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