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Net direct tax collection grew 18.3% to around ₹11.25 lakh crore as of October 10, government fiscal data showed on Friday (Oct 11, 2024).
The mop-up includes personal income tax collection of ₹5.98 lakh crore and corporate tax collection of ₹4.94 lakh crore. The Securities Transaction Tax (STT) stood at ₹30,630 crore, while other taxes (including equalization levy and gift tax) amounted to ₹2,150 crore.
The Income Tax Department had collected ₹9.51 lakh crore in the same period a year ago.
Between April 1 and October 10, refunds worth ₹2.31 lakh crore were issued, a growth of 46%.
On a gross basis, direct tax collections grew 22.3% to ₹13.57 lakh crore. The collection includes PIT (personal income tax) of ₹7.13 lakh crore and corporate tax of Rs 6.11 lakh crore.
The government has budgeted to collect ₹22.07 lakh crore from direct taxes in the current fiscal.
Published – Oct 11, 2024 11:01 PM IST
