Net Direct Tax Collection Rises 23% To Over ₹8.11 Lakh Crore Till August 10
India’s net direct tax collection rose 23.09 per cent to over Rs 8.11 lakh crore till August 10 of the current fiscal year. Corporate tax collection increased 19.83 per cent, while non-corporate tax receipts grew 23 per cent. Refunds of Rs 1.43 lakh crore were issued during the period, as gross collections reached Rs 9.55 lakh crore.
Net Direct Tax Collection Rises 23% To Over ₹8.11 Lakh Crore Till August 10 | Image credit: Wikipedia (Representative)
New Delhi, Aug 11: The net direct tax collection grew 23.09 per cent to over Rs 8.11 lakh crore till August 10 in the current fiscal.
Tax collection trends
The net corporate tax collection rose 19.83 per cent to about Rs 2.70 lakh crore, while non-corporate tax collection (which includes personal income tax) mop-up rose 23 per cent to Rs 5.07 lakh crore.
Securities Transaction Tax (STT) revenues grew 51 per cent to Rs 33,824 crore till August 10.
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Refunds worth Rs 1.43 lakh crore were issued between April 1 and August 10, a 3.8 per cent growth over the year-ago period.
Gross collection figures
Gross direct tax collection (which includes corporate, personal income tax and STT) recorded 19.75 per cent growth till August 10 to about Rs 9.55 lakh crore.
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The government has budgeted to collect Rs 26.97 lakh crore from direct taxes in the current fiscal year, a 15 per cent growth over Rs 23.40 lakh crore collected in FY26.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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