The government in its data has said that India’s net direct tax collections rose by 23.09 per cent to over Rs 8.11 lakh crore as of August 10 in the current fiscal year (FY27). Net corporate tax collections increased 19.83 per cent to about Rs 2.70 lakh crore, while net non-corporate tax collections, which include personal income tax, grew 23 per cent to Rs 5.07 lakh crore during the period.
Securities Transaction Tax (STT) revenues grew 51 per cent to Rs 33,824 crore till August 10. 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.
Further, it stated 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. The government had budgeted to collect Rs 26.97 lakh crore from direct taxes in the FY27, a 15 per cent growth over Rs 23.40 lakh crore collected in FY26.
