« Top Headlines » Open DEMAT Account in 24 hrs  No more tax filing hassles with digital Form 16 Know how it works «  Easy times ahead of large tax-payers... `Tax returns mandatory on income over Rs 1 lakh'... » STT collections surge in Q1 August, 10th 2006 Securities transaction tax (STT) collections of the Centre has touched a level of Rs 1,218 crore during the first quarter of the current fiscal, the Rajya Sabha was informed on Tuesday. For the entire fiscal 2005-06, the Government had collected STT of Rs 2,513 crore. In 2004-05, the Centre had collected STT of Rs 589 crore. STT, introduced in 2004, is in the nature of a turnover tax and levied on every transaction undertaken in a recognised stock exchange of the country.