Net direct tax collection grew 14.69% to over Rs 17.78 lakh crore so far this fiscal, government data showed on Tuesday.
As per the data released by the Central Board of Direct Taxes, mop up from net non-corporate taxes, which include mainly personal income tax, grew 21% year-on-year to about Rs 9.48 lakh crore.
Net corporate tax collection rose more than 6% to over Rs 7.78 lakh crore between April 1, 2024, and Feb. 10, 2025.
Net collections from securities transaction tax jumped 65% to Rs 49,201 crore so far this fiscal.
Refunds worth more than Rs 4.10 lakh crore were issued during the period, a 42.63% increase against the year-ago period.
Gross direct tax mop up till Feb. 10 grew 19.06% to more than Rs 21.88 lakh crore.
In the revised estimates for the current fiscal, the government has pegged income tax collections at Rs 12.57 lakh crore, up from the budget estimate of Rs 11.87 lakh crore.
The collection from Security Transaction Tax is pegged at Rs 55,000 crore in this fiscal in revised esitmates, higher than the budget estimate of Rs 37,000 crore.
Corporate tax collection target was revised lower at Rs 9.80 lakh crore, down from the budget target of Rs 10.20 lakh crore.
In total, the revised esitmates pegs direct tax collections at Rs 22.37 lakh crore, higher from Rs 22.07 lakh crore in budget esitmates.
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