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Direct tax collections up 54%

July, 03rd 2007
The Centres net direct tax collections grew 54.4 per cent in the first quarter of the current fiscal to Rs 44,139 crore against Rs 28,579 crore in the same period in the previous year. While corporate tax collections grew 21.8 per cent during April-June 2007 to Rs 32,607 crore (Rs 26,766 crore), personal income-tax collections increased by 36.5 per cent to Rs 17,511 crore (Rs 12,826 crore). Official sources said that fringe benefit tax collections during April-Jun e 2007 stood at Rs 834 crore (Rs 189 crore). Securities transaction tax collections stood at Rs 1,343 crore (Rs 1,217 crore). Banking cash transaction tax collections stood at Rs 159 crore (Rs 117 crore).