Centre''s Net Direct Tax Collection Grows 128% In April

New Delhi: The Centre''s net direct tax collections registrered a robust growth of 128.42 per cent in April 2007 to Rs 5,441 crore as against net collections of Rs 2,382 crore achieved in the same month last year. The gross direct tax collections for the period under review declined to Rs 7,935 crore as compared to Rs 9,940 crore collected in April 2006. While gross corporate tax collections for April 2007 stood at Rs 3,392 crore (Rs 5,584 crore), the gross personal income tax collections in the same month stood at Rs 4,540 crore (Rs 4,352 crore). Net corporate tax collections stood at Rs 1,602 crore in April 2007 as against net outflow of Rs 1,418 crore in the same month last year. Net personal income tax collections in April 2007 stood at Rs 3,836 crore as compared to collections of Rs 3,796 crore in April 2006.