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DD News 2026-11-11
India's Net Direct Tax Collections Increase 11.8% to Rs 14.42 Lakh Crore in FY27 India's net direct tax collections reached Rs 14.42 lakh crore as of November 10 in FY27, marking an 11.76 percent increase from the previous year, according to the Income Tax Department. Gross direct tax collections also rose, totaling Rs 17.50 lakh crore, a 14.02 percent increase compared to Rs 15.35 lakh crore last year. Notably, net corporate tax collections grew to Rs 6.32 lakh crore, while Securities Transaction Tax collections surged by over 51 percent. The government aims for a direct tax collection target of Rs 26.97 lakh crore for FY27, reflecting a 15 percent increase from the previous fiscal year.
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