Net direct tax collection grows 13% to ₹13.38 lakh crore till October 14
India's net direct tax collection grew by 13.21% to ₹13.38 lakh crore between April and mid-October. The growth was primarily driven by strong corporate tax performance and increased securities transaction tax collections.
Why it matters
Strong tax collection figures serve as a key indicator of economic health and fiscal stability for the Indian government.
Net direct tax collection grows 13% to ₹13.38 lakh crore till October 14 left Collection from securities transaction tax (STT) swelled 52% to ₹46,840 crore till October 14 of FY27. (Image used for representational purpose only) Gettyimages/iStockphoto Gettyimages/iStockphoto https://th-i.thgim.com/public/business/pj8hjv/article29225159.ece/alternates/FREE_1200/Direct-tax Gettyimages/istock Representational image Direct tax collection up 13.21% to ₹13.38 lakh crore till Oct 14, driven by strong corporate tax growth and higher STT refunds New Delhi Net direct tax collection rose 13.21% to about ₹13.38 lakh crore between April 1 and October 14, driven by a healthy pick-up in corporate taxes. Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17 Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17 Refund issuance jumped 29.19% to over ₹2.20 lakh crore till September 17, the data released by the Central Board of Direct Taxes (CBDT) showed.
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