Direct Tax Collections Exceed Revised Estimates

The Centre''s net direct tax collections have crossed the revised estimate for 2007-08 and reached about Rs 3,09,065 crore, the Chairman of the Central Board of Direct Taxes (CBDT), Mr P.K. Misra, has said. The CBDT hopes the direct tax collections to surpass Rs 3,12,000 crore in 2007-08. Personal income-tax collections in 2007-08 have grew by 44 per cent to Rs 1,10,229 crore. Corporate tax collections increased 33 per cent to Rs 1,89,302 crore.