Direct Tax Mop Up Rise By 40% Till Sep 21

Net direct tax collections went up by 40% to Rs 1,06,095 crore from the beginning of the current fiscal to September 21, up from from Rs 75,510 crore in the same period a year ago. Corporation tax collections rose by 42.37% to Rs 67,207 crore, up from Rs 47,207 crore during the same period in the previous fiscal. Personal income tax (including FBT, STT and BCTT) grew by 37.47% at Rs 38,819 crore, up from Rs 28,238 crore. The growth in Securities Transaction Tax was 45.52% and Banking Cash Transaction Tax was 21.36%. Fringe Benefit Tax collections also jumped 87.41%.