Net direct tax kitty swells 15% to Rs 17.78 lakh crore till Feb 10

Net nonstop taxation postulation grew 14.69 per cent to implicit Rs 17.78 lakh crore truthful acold this fiscal, authorities information showed connected Tuesday.

As per the information released by the Central Board of Direct Taxes (CBDT), mop up from nett non-corporate taxes, which see chiefly idiosyncratic income tax, grew 21 per cent year-on-year to astir Rs 9.48 lakh crore.

Net firm taxation postulation roseate much than 6 per cent to implicit Rs 7.78 lakh crore betwixt April 1, 2024, and February 10, 2025.

Net collections from securities transaction taxation (STT) jumped 65 per cent to Rs 49,201 crore truthful acold this fiscal.

Refunds worthy much than Rs 4.10 lakh crore were issued during the period, a 42.63 per cent summation against the year-ago period.

Gross nonstop taxation mop up till February 10 grew 19.06 per cent to much than Rs 21.88 lakh crore.

In the revised estimates (RE) for the existent fiscal, the authorities has pegged income taxation collections astatine Rs 12.57 lakh crore, up from the fund estimation of Rs 11.87 lakh crore.

The postulation from STT is pegged astatine Rs 55,000 crore successful this fiscal successful RE, higher than the fund estimation (BE) of Rs 37,000 crore.

Corporate taxation postulation people was revised little astatine Rs 9.80 lakh crore, down from the fund people of Rs 10.20 lakh crore.

In total, the RE pegs nonstop taxation collections astatine Rs 22.37 lakh crore, higher from Rs 22.07 lakh crore successful BE.