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Graphic of the day: Tax Growth Slows

Corporate tax leads growth, but overall collection slows; STT posts a decline

By Samreen Wani
Last Updated: Nov 17, 2025, 11:11 IST1 min
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India's tax collection growth for FY26 (YTD) stands at just 2.2 percent. Corporate tax leads at 4.6 percent, but non-corporate tax growth remains weak at 0.5 percent. The massive 86.0 percent drop in ‘other taxes’ marks a significant decline. The data points to a cooling in the equity market's contribution to revenue, as Securities Transaction Tax (STT) growth turned negative for the period, registering a 0.7 percent contraction.
India's tax collection growth for FY26 (YTD) stands at just 2.2 percent. Corporate tax leads at 4.6 percent, but non-corporate tax growth remains weak at 0.5 percent. The massive 86.0 percent drop in ‘other taxes’ marks a significant decline. The data points to a cooling in the equity market's contribution to revenue, as Securities Transaction Tax (STT) growth turned negative for the period, registering a 0.7 percent contraction.

First Published: Nov 17, 2025, 11:13

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