« Top Headlines » Open DEMAT Account in 24 hrs  No more tax filing hassles with digital Form 16 Know how it works «  Tax tribunal's bench decides record 600 cases in 2 months... FM confident of meeting direct tax target... » Direct tax mop-up higher than estimates April, 10th 2007 Direct tax collections are expected to have exceeded Rs 2,30,000 crore in 2006-07, higher than the revised estimate of Rs 2,29,000 crore. This is due to higher corporate profitability and an increase in the number of tax payers from sectors like information technology, manufacturing and telecom.    Infotech is estimated to have created 3.8 lakh jobs in 2006-07. Following buoyancy in tax collections throughout the fiscal, the Centre revised the estimate to Rs 2,29,272 crore from the Budget estimate of Rs 2,10,684 crore for 2006-07.