Net direct tax collections during first eight months of the present fiscal (up to November 2009) stood at Rs.1,83,822 crore, up from Rs.1,77,251 crore in the same period last fiscal, registering a growth of 3.71 percent. Growth in Corporate Taxes was 3.17 percent (Rs.1,13,210 crore as against Rs.1,09,735 crore), while Personal Income Tax (including STT, and residual FBT and BCTT) grew at 4.53 percent (Rs.70,262 crore as against Rs.67,215 crore).

During the month of November 2009, net direct tax collections was Rs.10,375 crore compared to Rs.10,346 crore during November 2008. While PIT growth was 23.8 percent (Rs.7,161 crore against Rs.5,785 crore last fiscal), Corporate Tax recorded a negative growth of 29.5 percent (Rs.3,214 crore against Rs.4,561 crore last fiscal).

Growth in Securities Transaction Tax (STT) stood at 4.44 percent during April-November 2009 (Rs.4,349 crore as against Rs.4,165 crore) compared to the corresponding period last fiscal.

Direct tax collections rose modestly overall, with personal income tax up but corporate tax falling in November. Net direct tax receipts for the first eight months rose by 3.71 percent year on year, with corporate tax up modestly and personal income tax (including related levies) up 4.53 percent. November aggregate collections were broadly stable year on year, reflecting a substantial month on month increase in personal income tax contrasted with a pronounced decline in corporate tax. Securities Transaction Tax collections for April-November increased modestly over the prior year.