EconomyThe Hindu15 July 2026

Direct tax mop-up grows 16% to over ₹6.51 lakh crore so far in FY27

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📌 Summary:

Net direct tax collection grew 16.40% year-on-year to over ₹6.51 lakh crore till July 13 in FY27, government data showed
Net corporate tax collection rose about 22% to ₹2.40 lakh crore
Net non-corporate tax (individuals, HUFs and firms) grew about 12% to over ₹3.84 lakh crore
Buoyant collections, led by corporate tax, signal strong corporate profitability and a widening tax base

🎯 UPSC Relevance: GS3 Economy — government budgeting, direct taxation, fiscal health and revenue mobilisation

📝 Prelims Facts:

Direct taxes = corporate tax + non-corporate tax (income tax on individuals/HUFs/firms)
Net direct tax till 13 July FY27: over ₹6.51 lakh crore (+16.4% y-o-y)
Administered by the Central Board of Direct Taxes (CBDT) under the Department of Revenue

🔑 Key Term: Tax buoyancy — the responsiveness of tax revenue growth to growth in the tax base or GDP.

Direct TaxCorporate TaxCBDTFY27

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