Gross direct tax collections surge 15% to ₹14.32 lakh crore

59 crore. “Direct tax collections continue to signal healthy underlying economic activity and the strength of the tax base. Pointing to robust double-digit growth in gross and net collections with buoyant corporate advance tax and securities transaction tax (STT), Jayesh Sanghvi, tax partner at EY India said the “buoyancy is broad-based” and in tandem with the country’s economic growth. 0%. Tax buoyancy is a measure of growth in tax revenues compared to GDP growth, showing the responsiveness of tax revenues to changes in overall economic activity. He highlighted some important of additional points. 7% a year ago. 09%, suggesting that small-business taxpayers may still be recalibrating. Overall, this signals that India’s direct tax machinery is entering FY 2026-27 with tailwind and with room to achieve/ exceed the Budget’s cautious 8% gross tax revenue target,” he added.