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<h1>India's Direct Tax Collections Surge 10.67% in FY 2014-15, Corporate and Personal Income Taxes See Notable Growth.</h1> Gross direct tax collections for April-February of FY 2014-15 increased by 10.67% to Rs. 6,12,432 crore compared to Rs. 5,53,373 crore the previous year. Corporate tax collections rose 9.99% to Rs. 3,79,917 crore, while personal income tax collections grew by 11.10% to Rs. 2,25,313 crore. Securities Transaction Tax saw a significant rise of 45.44% to Rs. 6,280 crore. Net direct tax collections increased by 6.88% to Rs. 5,06,765 crore. Advance tax collection grew by 13.41%, TDS by 7.49%, Self-Assessment Tax by 22.50%, and Regular Tax by 9.09% compared to the previous year.
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