Startup And Fundraising 17 October 2026
India Direct Tax Collections Surge 13% in October 2026
India's direct tax revenue climbed 13% in the latest reporting period, driven by a rise in securities transaction tax receipts and shifting trading patterns. The increase reflects higher transaction volumes and values, as well as adjustments in tax rates, signaling stronger fiscal performance amid evolving market activity.
- Direct tax collections rose 13% year‑on‑year, bolstered by higher securities transaction tax (STT) receipts.
- The jump indicates increased trading activity, larger transaction values, and recent changes to tax rates.
- Analysts view the growth as a positive sign for India's fiscal health and market dynamism.
*Source: India Business Trade*
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