India’s Securities Transaction Tax (STT) revenue has seen a significant 65% increase, reaching ₹49,201 crore, according to the latest report by the Central Board of Direct Taxes (CBDT). This growth comes despite market fluctuations, highlighting the increasing volume of stock market transactions.
Strong Growth in Direct Tax Revenue
Alongside the surge in Securities Transaction Tax, India’s overall direct tax revenue has grown by 15%, reaching ₹17.78 lakh crore as of February 10, 2025. The government’s gross direct tax collections now stand at ₹21.88 lakh crore, marking a 19.06% rise compared to the previous year.
Revised Tax Collection Targets
- STT collection target increased from ₹37,000 crore to ₹55,000 crore
- Income tax collection target raised to ₹12.57 lakh crore
- Corporate tax collection target revised to ₹9.80 lakh crore
Conclusion
The rise in Securities Transaction Tax revenue reflects increased stock market activity and strong tax compliance. Despite market volatility, the government continues to generate substantial revenue from STT collections, reinforcing its role in India’s growing financial sector.
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