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