STT Collections Jump 52.9 Per Cent To ₹40,214 Crore In First 6 Months Of FY27

New Delhi, September 18: Securities Transaction Tax (STT) collections surged by an impressive 52.9 percent in the first six months of the current financial year, attributed to heightened activity in the securities market and higher tax rates on derivatives. The government collected a total of Rs 40,214 crore in STT from April 1 to September 17, compared to Rs 26,306 crore during the same period last year.

The rise in STT rates on derivatives, effective April 1, played a significant role in this increase. STT on futures contracts was raised to 0.05 percent from 0.02 percent, while STT on options was increased to 0.15 percent from 0.10 percent. Additionally, the STT on the sale of options in securities was raised to 0.15 percent from 0.10 percent.

The government has set a target of collecting Rs 73,700 crore through STT in FY27, with an overall tax collection target for the financial year at Rs 44.04 lakh crore, representing a 9.4 percent increase over the previous year. Direct taxes are projected to account for Rs 26.97 lakh crore, a 18.1 percent rise compared to FY26. Net direct tax collections have also risen by 13 percent year-on-year to Rs 12.124 lakh crore, representing nearly 45 percent of the Rs 26.97 lakh crore direct tax target for FY27.