Gross direct tax collections during April-July of the Financial Year 2013-14 is up by 13.27 percent at Rs. 1,57,169 crore as against Rs. 1,38,751 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 9.75 percent and stands at Rs. 92,115 crore during April-July in F.Y. 2013-14 as against Rs. 83,932 crore in the same period last year. Gross collection of Personal income tax is up by 19.32 percent and stands at Rs. 63,583 crore as against Rs.53,289 crore last year. Net direct tax collections is up by 10.37 percent and stands at Rs.1,16,645 crore, as compared to Rs. 1,05,684 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stands at Rs. 1267 Crores. The Wealth Tax has posted a growth of 38.62 percent and stands at Rs.201 crore as against Rs.145 crore during the same period in the last year.

Direct tax collections rise, driven by corporate and personal income tax increases and higher wealth and securities tax receipts. Gross direct tax collections increased in the April-July period, driven by rises in corporate tax and personal income tax; net direct tax collections also grew. Securities Transaction Tax receipts and Wealth Tax collections additionally rose, contributing to the overall collection increase.