Net Direct Tax Revenue Jumps 9% To Rs 10.82 Lakh Crore Till Sep 17
Refund issuances dropped 24% to Rs 1.61 lakh crore between April 1 and Sept. 17.
Net direct tax collection grew 9.18% so far this fiscal to over Rs 10.82 lakh crore due to higher advance tax mop-up from corporates and slower refunds.
Refund issuances dropped 24% to Rs 1.61 lakh crore between April 1 and Sept. 17.
During the period, corporate advance tax collection increased 6.11% to over Rs 3.52 lakh crore. However, non-corporate advance tax mop-up declined 7.30 per cent to Rs 96,784 crore.
Between April 1 and Sept. 17, net corporate tax collection stood at over Rs 4.72 lakh crore, up from Rs 4.50 lakh crore in the same period in 2024.
Non-corporate tax, which includes individuals and HUFs, mop-up so far this fiscal stood at about Rs 5.84 lakh crore, up from over Rs 5.13 lakh crore in the same period of the last year.
Securities Transaction Tax collection stood at Rs 26,306 crore so far this fiscal, up from Rs 26,154 crore in the year-ago period.
Net direct tax collection, which includes personal income tax and corporate tax, recorded a 9.18% growth year-on-year to Rs 10.82 lakh crore till Sept. 17 this fiscal. It was over Rs 9.91 lakh crore a year ago.
Gross direct tax collection, before adjusting refunds, stood at over Rs 12.43 lakh crore till Sept. 17 this fiscal, a 3.39 per cent growth over the year-ago period.
In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7% year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.
