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Direct tax receipts seen up 10%: Source

March, 23rd 2010
Direct tax receipts are seen growing around 10 percent year-on-year and touched Rs 3.58 trillion ($78.7 billion) on March 19, a finance ministry source, who did not wish to be named, told Reuters on Monday. He said the revised estimate for direct tax receipts for 2009/10 was 3.87 trillion rupees. Income tax receipts were at 1.21 trillion rupees and corporate tax receipts stood at 2.47 trillion rupees on March 19, he said.