India’s net direct tax collection fell 1.39% to ₹4.59 lakh crore so far this fiscal due to slower advance tax inflows and a surge in refunds. Corporate tax collections declined over 5%, while STT registered a 12% increase
Securities transaction tax (STT) collections also recorded a sharp increase, reaching Rs 53,095 crore, compared to Rs 34,131 crore in the previous year. Other taxes, including wealth tax, saw a marginal decline from Rs 3,656 crore to Rs 3,399 crore
