India, Jan. 12 -- India's net direct tax collections grew 8.82 per cent to over Rs 18.38 lakh crore in the current financial year so far, up to January 11, supported by slower tax refunds and improved corporate tax collections.
Data released by the Income Tax Department showed that net corporate tax collections increased 12.4 per cent to more than Rs 8.63 lakh crore during the period. Collections from non-corporates, including individuals and Hindu Undivided Families (HUFs), rose 6.39 per cent to around ?9.30 lakh crore.
Meanwhile, Securities Transaction Tax (STT) collections stood at Rs 44,867 crore between April 1 and January 11, recording flat growth compared with the corresponding period of the previous year.
The data indicates stead...