Gross direct tax collections during April-December of the F.Y. 2013-14 is up by 12.33 percent at Rs.4,81,914 crore as against Rs.4,29,023 crore in the same period last year. While gross collections of Corporate taxes have shown an increase of 9.35 percent and stood at Rs.3,10,126 crore as against Rs. 2,83,605 crore during the same period in last year. Gross collection of Personal income tax is up by 18.53 percent and stood at Rs.1,67,589 crore as against Rs. 1,41,385 crore during the same period in last year. Net direct tax collection is up by 12.53 percent and stands at Rs. 4,15,328 crore, as compared to Rs. 3,69,067 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stands at Rs. 3427 Crore showing the growth of 4.04 percent. The Wealth Tax collection has posted a growth of 11.92 percent and stood at Rs. 742 crore as against Rs. 663 crore during the same period in last year.

Direct tax collections rise as corporate and personal income tax receipts boost net fiscal revenue for the period. Gross direct tax collections increased year on year in the April-December fiscal period, led by growth in Corporate tax and stronger growth in Personal income tax receipts, resulting in a higher net direct tax collection. Securities Transaction Tax showed modest growth and Wealth Tax collections rose more markedly, together reflecting broad based revenue increases across major direct tax heads and select ancillary levies.