Net direct tax collections cross ₹8.11 trillion till August 10, driven by strong corporate and personal income tax receipts, while refunds rise to ₹1.43 trillion.
Key Highlights:
- Net direct tax collections rose 23.09% to over ₹8.11 trillion.
- Corporate tax collections increased 19.83% to ₹2.70 trillion.
- Non-corporate tax collections rose 23% to ₹5.07 trillion.
- Securities transaction tax collections jumped 51% to ₹33,824 crore.
- Tax refunds increased 3.8% to ₹1.43 trillion.
- Gross direct tax collections reached around ₹9.55 trillion.
- Government targets ₹26.97 trillion in direct tax collections for FY27.
New Delhi, August 11: Net direct tax collections rose 23.09 per cent to over ₹8.11 trillion in the current financial year till August 10, reflecting strong growth in both corporate and non-corporate tax receipts.
According to the latest government data, net corporate tax collections increased 19.83 per cent to around ₹2.70 trillion during the period. Non-corporate tax collections, which include personal income tax, rose 23 per cent to ₹5.07 trillion.
Securities transaction tax (STT) collections recorded an even sharper increase, rising 51 per cent to ₹33,824 crore till August 10.
The government also issued refunds worth ₹1.43 trillion between April 1 and August 10. Refunds increased 3.8 per cent compared with the corresponding period of the previous year.
Gross direct tax collections, which include corporate tax, personal income tax and securities transaction tax, increased 19.75 per cent to around ₹9.55 trillion during the period.
The strong growth in tax collections comes as the government targets total direct tax collections of ₹26.97 trillion for the current financial year.
The budgeted target is around 15 per cent higher than the ₹23.40 trillion collected in direct taxes during FY26.
The latest figures indicate continued growth in government tax receipts during the early months of FY27, supported by higher collections from both corporate and individual taxpayers.
