{"id":"f-e550251d2f-37dc5cd4-5478-546e-83c7-746972cd67d9","title":"Net direct tax collection grows 8 pc to ₹17.04 lakh cr on slower refunds","description":"Gross direct tax collections, before adjusting refunds, recorded 4.16% growth at over ₹20.01 lakh crore till December 17, as per the income tax department data.","timestamp":1766136456,"category":"business","headline":"Net direct tax collection grows 8 pc to ₹17.04 lakh cr on slower refunds","modifiedHeadline":"Direct Tax Revenue Rises to ₹17.04 Lakh Cr","subCategories":["scid_08f7a4b9"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"88","fcSummary":"India's net direct tax collection rose 8% to ₹17.04 lakh crore between April 1 and December 17, driven by corporate and non-corporate tax. STT revenue reached ₹40,195 crore. While gross direct tax collections grew by 4.16%, refund issuance decreased by 14%.","summary":"Net direct tax collection rises 8% to ₹17.04 lakh cr amid slower refunds. Gross collections up 4.16% to ₹20.01 lakh cr by Dec 17.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-37dc5cd4-5478-546e-83c7-746972cd67d9","sourceUrl":"https://www.cnbctv18.com/economy/net-direct-tax-collection-grows-8-pc-to-%e2%82%b917-04-lakh-cr-on-slower-refunds-ws-l-19796706.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/MftYvYaJpMS0.webp","content":"Net direct tax collection grew 8% to over ₹17.04 lakh crore between April 1-December 17 as refund issuances slowed, the income tax department data showed on Friday, December 19.\n\n
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\n This includes net corporate tax mop up of over ₹8.17 lakh crore and non-corporate tax of about ₹8.47 lakh crore. Net revenue from Securities Transaction Tax (STT) stood at ₹40,195 crore till December 17 of the current fiscal.\n
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\n Refunds issuance dropped 14% compared to last year to over ₹2.97 lakh crore.\n
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\n Gross direct tax collections, before adjusting refunds, recorded 4.16% growth at over ₹20.01 lakh crore till December 17, as per the income tax department data.\n
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\n In the current fiscal (2025-26), the government has projected its direct tax collection at \n₹25.20 lakh crore, up 12.7% year-on-year. The government aims to collect ₹78,000 crore from STT in FY26.\n
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Also Read: Cash-for-query: Delhi HC sets aside Lokpal order against Mahua Moitra\n","readDurationInMinutes":"2","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Net direct tax up 8% to ₹17.04L cr (Apr 1-Dec 17) due to slower refunds.","Gross direct tax collections grew 4.16% to ₹20.01L cr. Refunds fell 14%.","Govt projects ₹25.20L cr direct tax for FY26 & ₹78,000 cr from STT."],"tags":["DirectTax","TaxCollection","IncomeTaxDepartment","CorporateTax","SecuritiesTransactionTax","STT","TaxRefunds","IndianEconomy","FiscalYear","TaxRevenue","MahuaMoitra","DelhiHC","Lokpal"],"consent":true,"redirectionEnabled":false}

Net direct tax collection grows 8 pc to ₹17.04 lakh cr on slower refunds

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