Direct tax kitty up 7.1% at 22.8 lakh crore

NEW DELHI: The net direct tax collection grew 7.1% to about Rs 22.8 lakh crore till March 17 this fiscal due to slower refunds and higher corporate tax mop-up.

Data released by the income tax department on Wednesday showed that net corporate tax collection grew by about 13% to Rs 9.7 lakh crore, and taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), increased 3% to around Rs 11.3 lakh crore. Securities transaction tax collection stood at Rs 55,717 crore between April 1, 2025, and March 17 against Rs 53,095 crore in the same period of the previous fiscal, registering a rise of 5%.

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