Gross direct tax collections during April-February of the Financial Year 2014-15 is up by 10.67 percent at ₹ 6,12,432 crore as against ₹ 5,53,373 crore collected during the same period last year. Gross direct tax collection of Corporate tax has shown an increase of 9.99 percent and stood at ₹ 3,79,917 crore as against ₹ 3,45,396 crore collected during the same period last year. Gross collection of Personal income tax is up by 11.10 percent and stood at ₹ 22,53,13 crore as against ₹ 2,02,806 crore collected during the same period last year. Securities Transaction Tax (STT) stands at ₹ 6280 crore at a growth of 45.44%. Net direct tax collections are up by 6.88 percent and stand at ₹ 5,06,765 crore, as compared to ₹ 4,74,146 crore in the same period in the last fiscal.

Advance tax collection has shown a growth of 13.41% during April-February of the FY 2014-15 as against the growth of 8.67% shown at the same time previous year. Growth in TDS is 7.49% as against 16.69% in the same period last year.

The Self-Assessment Tax shows a growth of 22.50% as against 9.91% in the same period last year. The growth in Regular Tax is 9.09% as against 29.97 % in the same period last year.

Gross direct tax collection rises, driven by corporate and personal income tax growth and stronger advance and self-assessment receipts. Gross direct tax collection increased year-on-year, driven by higher corporate and personal income tax receipts and stronger Securities Transaction Tax. Net direct tax receipts rose, and payment mechanisms showed varied performance: advance tax and self-assessment tax registered stronger growth, TDS growth moderated, and regular tax growth slowed relative to the prior period.