Net direct tax collection grows 23% to over ₹8.11 trillion till August 10 | Economy & Policy News

Net direct tax collections rose 23.09 per cent to over Rs 8.11 trillion in the current financial year till August 10.

Net corporate tax collections increased 19.83 per cent to about Rs 2.70 trillion, while non-corporate tax collections, which include personal income tax, rose 23 per cent to Rs 5.07 trillion.

Securities transaction tax (STT) collections grew 51 per cent to Rs 33,824 crore till August 10.

Refunds worth Rs 1.43 trillion were issued between April 1 and August 10, up 3.8 per cent from the year-ago period.

Gross direct tax collections, comprising corporate tax, personal income tax and STT, rose 19.75 per cent to about Rs 9.55 trillion till August 10.

The government has budgeted direct tax collections of Rs 26.97 trillion for the current financial year, 15 per cent higher than the Rs 23.40 trillion collected in FY26.