Gross direct tax collections during April-November of the Financial Year 2013-14 is up by 13.18 percent and stood at Rs.3,68,655 crore as against Rs.3,25,736 crore in the same period last year. While gross collections of Corporate taxes has shown an increase of 9.66 percent and stood at Rs.2,25,124 crore as against Rs. 2,05,291 crore in the same period last year. Gross collections of Personal income tax is up by 19.60 percent and stood at Rs.1,39,763 crore as against Rs. 1,16,862 crore in the same period last year. Net direct tax collections is up by 14.60 percent and stands at Rs. 3,10,317 crore, as compared to Rs. 2, 70,771 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stands at Rs. 3,053 Crore showing the growth of 4.73 percent. The Wealth Tax has posted a growth of 13.38 percent and stood at Rs.712 crore as against Rs. 628 crore in the same period last fiscal.

Direct tax collection growth signals year on year strengthening across corporate, personal and net tax receipts. Gross direct tax collections rose by 13.18 percent year on year for April-November; corporate tax increased by 9.66 percent and personal income tax by 19.60 percent, yielding a net direct tax increase of 14.60 percent. Securities Transaction Tax grew by 4.73 percent and Wealth Tax by 13.38 percent, indicating broad based growth across major direct tax heads compared with the same period in the prior fiscal year.