The government has estimated the securities transactions (STT) collection of Rs 78,000 crore for the financial year 2026. STT collection has also increased due to the rise in the stock market since Kovid-19. However, keeping in mind the current market situation and fresh regulatory changes, new projections are considered ambitious.
The STT estimate for the current financial year 2025 in the budget was increased from Rs 37,000 crore to Rs 55,000 crore. The Center expects a 40 percent increase compared to the revised data, which shows an increase of 63 percent in FY 2024) in FY 2024).
For FY 2025, the Center has already collected 42,000 crores through STT, which has increased.
Mohit Mehra, vice -president of Primary Markets and Payments at Jerodha, said, “For FY 2026, they are estimating to reach this collection to Rs 77,000 crore, which is a 40 per cent increase from this year. Since STT rates have not increased, the reason for this increased collection can be considered as the increase in trading volume. However, it is not clear what changes are expected to adjust the estimated growth from June 2024.
The STT is a part of the government’s total direct tax collection, which is levied on all securities deals made on recognized stock exchanges. These include shares, futures and options (F&O) and even equity-focused mutual funds. The tax collection through this route increases when the trading volume increases, which is associated with the performance of the secondary market.
It is necessary that the boom in the STT collection should be upheld to meet the government’s fiscal target.
A report by SBI Capital Markets said, ‘Pignital tax revenue for the country is estimated to increase to 11 per cent (FY 2026 Budget estimates for FY 2026 Budget Estimates of FY 2025), which is estimated 2025 RE vs. FY 2024 is extended against the potential 9.9 per cent increase in real. This depends on an increase of 10.4 percent in the corporate tax collection, which is Rs 10.8 lakh crore, which is higher than the estimated 7.4 percent increase in FY 2025. The increase in income tax is at 14.4 percent, while the STT collection is expected to increase a major increase. Although this will be the slowest annual growth rate since the epidemic, it is an encouraging due to the major revenue loss due to changes in indirect taxes. ‘
Tanvi Gupta Jain, the chief minister in UBS Securities, said, ‘We believe that this year the performance of equity market will also determine the capital gains tax and collection from STT, which is the first period of epidemic (6.5 billion Dollar increased significantly to $ 15 billion compared to).
Since September, Sensex and Nifty have fallen by more than 10 per cent. This decline in the market caused this decline due to concerns and corporate income concerns. Investor perception has also been affected by heavy selling by foreign portfolio investors amid growing American bond yields and dollars. The very important thing is that the trading volume in the derivative segment has decreased by its high level. There has been a decrease in business volume after the strict trading standard is introduced by market regulator SEBI to control betting activities in this segment. In January, the average daily turnover (ADTV) for the F&O segment was Rs 298 lakh crore, which was 44 percent less than a height of Rs 537 lakh crore in September. This decline has come after the introduction of new rules. These rules include a weekly disposal and Higher Extreme Loss Margin for each exchange.