Ushering the new fiscal year on a positive note, net direct tax collections in April-May period rose by 6.44 per cent at Rs 37,596 crore compared to the same period in FY13.
Net direct tax collections, which are gross collections minus refunds, stood at Rs 35,322 crore in April-May period of fiscal year 2012-13.
Gross direct tax collections rose by 21.10 per cent to Rs 63,252 crore in April-May period of fiscal year 2013-14 from the same period a year ago, an official statement said.
During the period, gross collection of corporate taxes went up by 14.91 per cent to Rs 27,957 crore.
The same stood at Rs 24,329 crore in the corresponding period last fiscal year.
The gross collection in personal income tax was up by 27.29 per cent to Rs 34,805 crore compared to Rs 27,343 crore in the same period last fiscal year.
Besides, collection from wealth tax stood at Rs 28 crore, up from Rs 15 crore collected in April-May 2012-13.
Growth in securities transaction tax (STT) was (-) 14.63 per cent. Collection stood at Rs 461 crore in April-May period of this fiscal year compared to Rs 540 crore in the same period last year.
The government has fixed a direct tax collection target of Rs 6.68 lakh crore for the current fiscal year, up from 5.65 lakh crore in FY13.
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