Net direct tax mop-up rises 9% to Rs 10.82 lakh cr, corporate advance tax grows

Net nonstop taxation postulation climbed 9.18 per cent to implicit Rs 10.82 lakh crore till September 17 successful the existent fiscal, driven by higher beforehand taxation payments from corporates and slower issuance of refunds, the authorities said.

Refunds issued during the play dropped 24 per cent to Rs 1.61 lakh crore, PTI reported.Corporate beforehand taxation mop-up roseate 6.11 per cent to implicit Rs 3.52 lakh crore, portion non-corporate beforehand taxation collection, which includes individuals and Hindu Undivided Families (HUFs), fell 7.3 per cent to Rs 96,784 crore. Net firm taxation postulation stood astatine implicit Rs 4.72 lakh crore, up from Rs 4.50 lakh crore successful the aforesaid play past fiscal.

Non-corporate taxation postulation reached Rs 5.84 lakh crore, up from Rs 5.13 lakh crore a twelvemonth ago.Securities Transaction Tax (STT) postulation was Rs 26,306 crore, marginally higher than Rs 26,154 crore successful the corresponding play past year. Gross nonstop taxation collection, earlier accounting for refunds, grew 3.39 per cent to implicit Rs 12.43 lakh crore. For FY26, the authorities has acceptable a nonstop taxation postulation people of Rs 25.20 lakh crore, a 12.7 per cent emergence implicit the erstwhile year, and aims to rise Rs 78,000 crore from STT.