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Securities transaction tax collection likely to go past Budget target

Collection in H1 over 50% of BE of Rs 27,625 cr

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3 min read Last Updated : Oct 03 2023 | 12:15 AM IST

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The Union government’s revenue from securities transaction tax (STT) is on track to exceed its Budget projection for the current fiscal year, with the mop-up already surpassing 50 per cent of the annual estimate.

Provisional figures reveal that the Centre has collected approximately Rs 14,000 crore in the first half of this fiscal year up to September, according to a government official. This amount exceeds half of the full-year target of Rs 27,625 crore set for FY24.

The increase is largely attributed to the ongoing buoyancy in the stock markets, increased STT rates on futures and options sales, and the addition of

Topics : STT collections Securities Transaction Tax Budget

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