Net direct tax collection grows 18% to `11.25 lakh cr

New Delhi, Oct 11: Net direct tax collection grew 18.3 per cent to about `11.25 lakh crore as of October 10 this fiscal, government data showed on Friday.

The mop-up includes personal income tax collection of `5.98 lakh crore and corporate tax collection of `4.94 lakh crore. Securities Transaction Tax (STT) stood at `30,630 crore, while other taxes (including equalisation levy and gift tax) earned `2,150 crore.

The income tax department had collected `9.51 lakh crore during the same period a year ago.

Refunds worth `2.31 lakh crore were issued between April 1 and October 10, a growth of 46 per cent.

On a gross basis, direct tax collection grew 22.3 per cent to `13.57 lakh crore. The collection includes PIT (personal income tax) of `7.13 lakh crore and corporate tax of `6.11 lakh crore.

The government has budgeted to collect `22.07 lakh crore in the current fiscal from direct taxes.