« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80 «  PN curbs to ‘tax’ foreign players... Direct tax collections up 40 pc at Rs 1,22,000 crore... » Direct tax mop-up jumps 40% to Rs 86,751 cr October, 19th 2007 The governments tax kitty continues to swell. Direct tax collections up to October 15 reported a 40% jump at Rs 1,21,950 crore as against Rs 86,751 crore during the same period last fiscal. Corporate tax contributed Rs 75,549 crore, up by 40.29% from Rs 53,853 crore during same period in the previous fiscal, an official statement said today.Personal income-tax, fringe benefit tax, securities transaction tax and banking cash transaction tax yielded 41.13% more at Rs 46,320 crore against Rs 32,821 crore. Bullish securities market led to a collection of Rs 3,784 crore through securities transaction tax, up 48.05% against Rs 2,556 crore. Banking Cash Transaction Tax collections was up 20.22 % at Rs 284 crore against Rs 236 crore. Fringe Benefit Tax collections recorded a growth of 87.92 % at Rs 2,326 crore against Rs 1,238 crore.Growth in direct tax collections is also due to better tax compliance which is indicated by an increase of 64 % in self-assessment tax.