New Delhi: Net income tax collection grew 14.64 percent to over Rs 5.21 lakh crore between April 1 and June 17, government data showed on Thursday.

This includes net corporate tax collection which rose 22 percent to Rs 2.08 lakh crore, and net non-corporate tax mop-up, which grew 8 percent to about Rs 2.94 lakh crore so far this fiscal year.

Follow The PSUWatch Channel on WhatsApp

Non-corporate tax includes taxes paid by individuals, HUFs, firms.

Refunds worth Rs 89,026 crore was issued till May 17, registering an increase of 1.19 percent over the year-ago period.

On a gross basis, direct tax collection increased 12.46 percent to over Rs 6.10 lakh crore. This includes corporate tax of over Rs 2.76 lakh crore and NCT of about Rs 3.15 lakh crore.

Follow PSU Watch on LinkedIN

The Government has budgeted to collect Rs 26.97 lakh crore from direct taxes in the current fiscal year, a 15 percent growth over Rs 23.40 lakh crore collected in FY26.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)