<h1>India's Direct Tax Collections Surge Over 40% from April to October 2007, Indicating Strong Economic Growth.</h1> Direct tax collections in India saw a growth of over 40 percent from April 1 to October 15, 2007, reaching Rs.1,21,950 crore compared to Rs.86,751 crore in the previous year. Corporate tax increased by 40.29 percent, while personal income tax, including various surcharges, rose by 41.13 percent. Securities Transaction Tax grew by 48.05 percent, and Banking Cash Transaction Tax increased by 20.22 percent. Fringe Benefit Tax saw an 87.92 percent rise. A 49 percent growth in taxes deducted or collected at source indicates rising employment and private investments, while a 64 percent increase in self-assessment tax suggests improved tax compliance.