The net direct tax collections have spiked by 23.09% year-on-year basis to Rs 8.11 lakh crore as of August 10 in the current financial year, government data said.
As per the data, the gross direct tax collections increased 19.75% to Rs 9.55 lakh crore during the period, while refunds issued stood at Rs 1.43 lakh crore, up 3.79% from the year-ago period.
Total direct tax collections before refunds increased by Rs 1.57 lakh crore from Rs 7.97 lakh crore as of August 10 last year to Rs 9.55 lakh crore this year.
Further, the gross direct tax collections increased 19.75% to Rs 9.55 lakh crore during the period. Refunds issued stood at Rs 1.43 lakh crore, up 3.79% from the year-ago period.
On a gross basis, the corporate tax collections rose to Rs 3.80 lakh crore from Rs 3.32 lakh crore in the year-ago period while the gross non-corporate tax collections increased to Rs 5.41 lakh crore from Rs 4.43 lakh crore.
Further, the data said the gross STT collections stood at Rs 33,823.74 crore, up from Rs 22,354.31 crore.
Gross collections under other taxes stood at Rs 14.33 crore, compared with Rs 282.96 crore in the same period last year.
Net collections from the Securities Transaction Tax (STT) climbed to Rs 33,823.74 crore, compared with Rs 22,354.31 crore in the corresponding period last year.
On the other hand, the net collections under other taxes were marginally negative at Rs 0.86 crore, against Rs 278.70 crore a year earlier.