Net corporate tax receipts stand at ₹5.10 lakh crore, while non-corporate taxes, including personal income tax from individuals, Hindu Undivided Families (HUFs), and firms, amount to ₹6.62 lakh crore. In addition, collections from other levies, such as the Equalisation Levy and gift tax, contributed ₹35,923 crore to the overall total.
Securities Transaction Tax (STT) collections have also seen a substantial surge, nearly doubling to ₹35,923 crore between April and November 10, up from ₹18,909 crore during the same period last year. This increase in STT collections further underscores the positive revenue momentum.
In terms of gross collections, the government amassed ₹15.02 lakh crore from direct taxes, marking a 21.20% increase from the previous fiscal year. Refunds issued during this period totaled ₹2.92 lakh crore, reflecting a 53% year-on-year rise as the government expedited tax refund processes.
The upward trend in net direct tax collection, which increased from ₹10.49 lakh crore at this point last year, aligns with the government’s budget target of ₹22.12 lakh crore for direct tax revenues this fiscal year, a 13% increase over the previous fiscal year’s actual collections.
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