« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  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.