Securities transaction tax collection increases 42% despite Covid-19 crisis

Tax payouts from mutual fund unit holders shoot up by 84%

While the pandemic impacted most of the tax receipts this year, the government’s securities transaction tax (STT) zoomed up by 42 per cent in the period between April and December of FY21.

According to sources in the Central Board of Direct Taxes (CBDT), so far, STT collection stands at Rs 10,805 crore for FY21, as compared to Rs 7,574 crore over the same period last year. The commodity transaction tax (CTT) stands at Rs 625 crore, taking the total tax collection from the stock market to Rs 11,431 crore so far in this financial year.

The government, which has set an STT