The net direct tax collection grew 6.33 per cent so far in the current financial year to over 11.89 lakh crore rupees. The Income Tax Department said, from 1st April to 12th October, net corporate tax collection stood at around 5.02 lakh crore rupees, up from 4.92 lakh crore rupees in the same period last year.

Non-corporate tax stood at around 6.56 lakh crore rupees, up from over 5.94 lakh crore rupees in the same period in 2024. Securities Transaction Tax collection stood at 30 thousand 878 crore rupees, up from 30,630 crore in 2024. Gross direct tax collection, before adjusting refunds, stood at over 13.92 lakh crore rupees. It registered 2.36 per cent growth over the year-ago period. However, the refund issuances dropped 16 per cent to 2.03 lakh crore rupees.