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

As per the data released by the Central Board of Direct Taxes (CBDT), mop up from net non-corporate taxes, which include mainly personal income tax, grew 21% year-on-year to about ₹9.48 lakh crore.

Net corporate tax collection rose more than 6% to over ₹7.78 lakh crore between April 1, 2024, and February 10, 2025.

Net collections from securities transaction tax (STT) jumped 65% to ₹49,201 crore so far, this fiscal.

Refunds worth more than ₹4.10 lakh crore were issued during the period, a 42.63% increase against the year-ago period.

Gross direct tax mop up till February 10 grew 19.06% to more than ₹21.88 lakh crore.

In the revised estimates (RE) for the current fiscal, the government has pegged income tax collections at ₹12.57 lakh crore, up from the budget estimate of ₹11.87 lakh crore.

The collection from STT is pegged at ₹55,000 crore in this fiscal in RE, higher than the budget estimate (BE) of ₹37,000 crore.

Corporate tax collection target was revised lower at ₹9.80 lakh crore, down from the budget target of ₹10.20 lakh crore.

In total, the RE pegs direct tax collections at ₹22.37 lakh crore, higher from ₹22.07 lakh crore in BE.