India's Net Direct Tax Collection Rises 23% to Rs 8.11 Lakh Crore as of August 10
Refunds rose only 3.79%, helping India’s net direct tax collections climb 23.09% to Rs 8.11 lakh crore, government data showed.
- India's net direct tax collection grew 23% to over ₹8.11 lakh crore as of August 10, according to data published on Tuesday for the current fiscal year.
- Non-Corporate tax mop-up rose 23% to ₹5.07 lakh crore, while refund issuances slowed with meagre 3.8% year-on-year growth to ₹1.43 lakh crore.
- Gross direct tax collections increased 19.75% to ₹9.55 lakh crore during the period, while Securities Transaction Tax revenues surged 51% to ₹33,824 crore.
- Sidhwa noted that gross corporate tax collections are growing at a "more modest 14%," while expecting the pace of refunds to increase over the next few months.
- Tax collection growth has consistently risen throughout the fiscal year, from 14.6% recorded in mid-June to 16.4% by mid-July, reflecting a steady upward trajectory.
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Net direct tax kitty grows 23 pc to Rs 8.11 lakh cr on slower refunds, higher non-corp taxes
New Delhi, Aug 11 (PTI) The net direct tax collection grew 23 per cent to over Rs 8.11 lakh crore till August 10 in the current fiscal, on slower refunds and higher mop-up from non-corporate taxes. The net corporate tax collection rose about 20 per cent to about Rs 2.70 lakh crore, while non-corporate tax […]
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LatestlyIndia's direct tax collections rise 23% to Rs 8.11 lakh crore as non-corporate tax drives growth
India's net direct tax collections rose 23.09 per cent year-on-year to Rs 8.11 lakh crore as of August 10, 2026, from Rs 6.59 lakh crore in the corresponding period last year, according to data released by the Income Tax Department.
Direct tax collections rise 23% to Rs 8.11 lakh crore till Aug 10
Net direct tax collections surge 23.09% to Rs 8.11 lakh crore by August 10, driven by corporate and personal income tax growth. Refunds issued rise 3.8% as government eyes Rs 26.97 lakh crore target for FY26.
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