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Net direct tax collections at ₹12,12,411 crore as on 17 September 2026, up 12.96%; refunds 29.19% higher at ₹2,20,027 crore

CBDT data for FY 2026-27 as on 17 September 2026 shows gross direct tax collections of ₹14,32,437.43 crore (up 15.19%), refunds of ₹2,20,026.72 crore (up 29.19%) and net collections of ₹12,12,410.71 crore (up 12.96%). Advance tax stands at ₹5,21,940.72 crore, 16.18% more than a year ago.

Key facts

In force
Position as on 17 September 2026 for FY 2026-27
Who it affects
Taxpayers, tax professionals, corporates paying advance tax, analysts tracking direct tax revenue
Section
Income Tax
Published
17 September 2026
Editor17 September 2026 · updated 9 Oct · 2 min read

In 30 seconds

  • Net collection: ₹12,12,410.71 crore against ₹10,73,272.17 crore as on 17 September 2025 — up 12.96%.
  • Gross collection: ₹14,32,437.43 crore, up 15.19%.
  • Refunds: ₹2,20,026.72 crore, up 29.19%; refunds on the non-corporate side rose from ₹39,865.54 crore to ₹81,439.39 crore.
  • Net corporate tax ₹5,55,967.80 crore; net non-corporate tax ₹6,16,228.75 crore; Securities Transaction Tax ₹40,214.36 crore.
  • Advance tax: ₹5,21,940.72 crore, up 16.18% — corporate up 18.09%, non-corporate up 9.24%.

The position as on 17 September 2026

The Central Board of Direct Taxes has published the direct tax collections for FY 2026-27 as on 17 September 2026, with the figures for the same date a year earlier. The source is TINMIS. All amounts are in ₹ crore.

HeadFY 2025-26 (as on 17.09.2025)FY 2026-27 (as on 17.09.2026)Growth
Gross collection12,43,582.4514,32,437.4315.19%
Refunds1,70,310.282,20,026.7229.19%
Net collection10,73,272.1712,12,410.7112.96%

Where the money came from

FY 2026-27Corporate taxNon-corporate taxSecurities Transaction TaxOther taxes
Gross collection6,94,537.816,97,668.1440,214.3617.12
Refunds1,38,570.0181,439.390.0017.32
Net collection5,55,967.806,16,228.7540,214.36-0.20

For comparison, on 17 September 2025 net corporate tax was ₹4,65,311.20 crore, net non-corporate tax ₹5,81,374.75 crore and Securities Transaction Tax ₹26,305.72 crore. Non-corporate tax, the statement notes, includes taxes paid by individuals, HUFs, firms, AoPs, BoIs, local authorities and artificial juridical persons.

Refunds

Refunds issued are ₹2,20,026.72 crore, against ₹1,70,310.28 crore a year ago. Corporate refunds moved from ₹1,30,428.11 crore to ₹1,38,570.01 crore. Non-corporate refunds roughly doubled, from ₹39,865.54 crore to ₹81,439.39 crore. That is why net collections grew more slowly (12.96%) than gross collections (15.19%).

Advance tax

Advance taxAs on 17.09.2025As on 17.09.2026Growth
Corporate tax3,52,351.594,16,083.5918.09%
Non-corporate tax96,904.051,05,856.699.24%
Total4,49,256.415,21,940.7216.18%

Compared with August

CBDT’s earlier statement, as on 10 August 2026, showed gross collections of ₹9,54,775.91 crore (up 19.75%), refunds of ₹1,43,451.40 crore (up 3.79%) and net collections of ₹8,11,324.51 crore (up 23.09%). Between the two statements, the year-on-year growth in refunds has gone from 3.79% to 29.19%, and the growth in net collections has come down from 23.09% to 12.96%.

How to read it

These are cumulative figures for the financial year up to the date stated, compared with the same date of the previous year. The statement gives no commentary or reasons; it is a table of collections.

Questions and answers

What are the net direct tax collections for FY 2026-27 so far?

₹12,12,410.71 crore as on 17 September 2026, against ₹10,73,272.17 crore as on 17 September 2025 — a growth of 12.96%.

How much has been refunded?

₹2,20,026.72 crore, which is 29.19% more than the ₹1,70,310.28 crore refunded up to the same date last year.

How much advance tax has been collected?

₹5,21,940.72 crore as on 17 September 2026, up 16.18%. Corporate advance tax is ₹4,16,083.59 crore (up 18.09%) and non-corporate advance tax ₹1,05,856.69 crore (up 9.24%).

How much Securities Transaction Tax has been collected?

₹40,214.36 crore, against ₹26,305.72 crore up to the same date last year.

SourceCBDT — Direct Tax Collections for F.Y. 2026-27 (as on 17.09.2026)
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Published 17 September 2026. Updated 9 October 2026. This report is for general information and is not professional advice. Read the source document before acting on it.

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