{"id":"f-73cd9b4b27-deefa96d-4720-5050-9283-40bfa598c4f9","title":"Helped by slower refunds, net direct tax collection grows 8% to Rs 17.04 lakh cr","description":"In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. Direct tax collection can be impacted by the significant income tax relief extended from April 1, 2025.","timestamp":1766135129,"category":"business","headline":"Helped by slower refunds, net direct tax collection grows 8% to Rs 17.04 lakh cr","modifiedHeadline":"Direct tax collection up 8% amid slower refunds","subCategories":["scid_edbc7f13"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"85","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 revenues. Securities transaction tax contributed ₹40,195 crore. Gross direct tax collections grew 4.16% to ₹20.01 lakh crore.","summary":"Slower refunds boost net direct tax collection by 8% to Rs 17.04 lakh cr. Govt projects Rs 25.20 lakh cr for fiscal year 2025-26.","ctaUrl":"https://trends.glance.com/newz/astrology/IN/en/news9/f-73cd9b4b27-deefa96d-4720-5050-9283-40bfa598c4f9","sourceUrl":"https://www.news9live.com/business/biz-news/helped-by-slower-refunds-net-direct-tax-collection-grows-8-to-rs-17-04-lakh-cr-2913366","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/pBPVHj7IgDM0.webp","content":"

New Delhi: Net direct tax collection grew 8 per cent to over Rs 17.04 lakh crore between April 1-December 17 as refund issuances slowed, the income tax department

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data showed on Friday. This includes net corporate tax mop up of over Rs 8.17 lakh crore and non-corporate tax of about Rs 8.47 lakh crore. Net revenue from Securities Transaction Tax (STT) stood at Rs 40,195 crore till December 17 of the current fiscal.

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Refunds issuance dropped 14 per cent compared to last year to over Rs 2.97 lakh crore. Gross direct tax collections, before adjusting refunds, recorded 4.16 per cent growth at over Rs 20.01 lakh crore till December 17, as per the income tax department data.

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In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.

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Helped by slower refunds, net direct tax collection grows 8% to Rs 17.04 lakh cr

SUMMARY