New Delhi, Feb 11 (PTI) Net direct tax collection grew 9.4 per cent to about Rs 19.44 lakh crore in the current fiscal till February 10 on slower refunds and higher corporate tax mop-up.

Data released by the Income Tax Department on Wednesday showed that net corporate tax collection grew 14.51 per cent to Rs 8.90 lakh crore, while taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), rose 5.91 per cent to about Rs 10.03 lakh crore.

Securities Transaction Tax collection stood at Rs 50,279 crore between April 1 and February 10, almost flat as compared to the same period last year.

Tax refund issuance nosedived 18.82 per cent to Rs 3.34 lakh crore during the period.

Gross direct tax collection increased 4.09 per cent to Rs 22.78 lakh crore till February 10 of this fiscal. This includes gross corporate tax and non-corporate tax mop-up of Rs 10.88 lakh crore and Rs 11.39 lakh crore, respectively.

In the Revised Estimates (RE) for current fiscal (2025-26), the government has projected its direct tax collection at Rs 24.84 lakh crore. PTI JD ANU ANU

Direct tax collections rose 9.4% to Rs 19.44 lakh crore till Feb 10 on higher corporate receipts and lower refunds. Net direct tax collections increased 9.4% to Rs 19.44 lakh crore through February 10, supported by a 14.51% rise in corporate tax to Rs 8.90 lakh crore and a 5.91% increase in non corporate taxes to Rs 10.03 lakh crore. Securities Transaction Tax receipts were nearly flat at Rs 50,279 crore, while tax refunds fell 18.82% to Rs 3.34 lakh crore. Gross direct tax receipts rose 4.09% to Rs 22.78 lakh crore, with gross corporate and non corporate mop ups of Rs 10.88 lakh crore and Rs 11.39 lakh crore respectively, against a Revised Estimate of Rs 24.84 lakh crore.