17.85% Increase in Direct Tax Collections During April-November Crosses 50% of be Target of Rs.4,30,000 Crore for Current Fiscal

During the period April-November 2010, net direct tax collections stood at Rs.2,16,628 crore, up from Rs.1,83,822 crore during the same period last fiscal, registering a growth of 17.85 percent and crossing 50 percent of the BE target of Rs.4,30,000 crore for fiscal 2010-11. 

Growth in Corporate Income Tax was 22.30 percent (Rs.1,38,461 crore as against Rs.1,13,210 crore), while growth in Personal Income Tax (including STT, and residual FBT / BCTT) was 10.66 percent (Rs.77,768 crore as against Rs.70,278 crore). 

Growth of Securities Transaction Tax turned positive for the first time during the fiscal at 0.55 percent (Rs.4,373 crore against Rs.4,349 crore).