India’s internet direct tax assortment rises 6.33% to over ₹11.89 lakh crore until October 12

India's internet direct tax income climbed 6.33 per cent to over ₹11.89 lakh crore within the present fiscal yr (until October 12), pushed by stronger company tax collections and slower refund payouts, based on knowledge launched by the Earnings Tax Division.

The full gross direct tax assortment stood at ₹13.92 lakh crore, up from ₹13.60 lakh crore throughout the identical interval final yr. Refunds issued declined to ₹2.03 lakh crore, a fall of practically 16% in comparison with ₹2.41 lakh crore in FY 2024-25.

Throughout the internet assortment, company tax receipts elevated to ₹5.02 lakh crore from ₹4.91 lakh crore, whereas non-corporate tax collections (together with people and HUFs) rose to ₹6.56 lakh crore from ₹5.94 lakh crore.
The Securities Transaction Tax (STT) contribution grew marginally to ₹30,878 crore, whereas different minor taxes totalled ₹294 crore.

For the complete fiscal yr 2025-26, the federal government has set a direct tax assortment goal of Rs 25.20 lakh crore, aiming for a 12.7% enhance over the earlier yr. The federal government additionally plans to lift Rs 78,000 crore from STT within the present fiscal.