Corporate And Individual Taxes Boost India’s Tax Revenue

India’s net direct tax collections rose 13.21% to Rs 13.38 lakh crore by October 14 in FY27, according to the Income Tax Department. Gross collections increased 14.89% to Rs 16.03 lakh crore. Higher corporate taxes, individual taxes and securities transaction tax boosted revenue, while refunds rose 24.22% to Rs 2.65 lakh crore.