<h1>India's Direct Tax Collections Surge Over 40% by October 2007; Corporate Tax Up 45.71%, Personal Income Tax Rises 39.39.</h1> Direct tax collections in India experienced significant growth of over 40% up to October 2007, with net collections reaching Rs.1,28,864 crore, a 43.15% increase from the previous year. Corporate tax rose by 45.71% to Rs.78,785 crore, while personal income tax, including various components, grew by 39.39% to Rs.49,890 crore. Securities Transaction Tax saw a 57.61% increase, and Fringe Benefit Tax grew by 29.94%. Banking Cash Transaction Tax increased by 15.79%. Advance tax and tax deducted at source rose by 28.44% and 49.13%, respectively. Self-assessment tax compliance improved, growing by 77.64%. The Refund Banker Scheme facilitated faster refunds, indicating enhanced tax administration and compliance.