<h1>India's Direct Tax Revenues Surge Over 40% from April to December 2007, Led by Corporate and Personal Income Taxes.</h1> Direct tax collections in India saw a significant increase of over 40% from April 1 to December 15, 2007, reaching Rs.1,64,407 crore, compared to Rs.1,15,377 crore in the previous year. This represents 61% of the budgeted target of Rs.2,67,490 crore. Corporate Tax grew by 42.37% to Rs.98,391 crore, while Personal Income Tax rose by 42.83% to Rs.65,774 crore. The Securities Transaction Tax surged by 74.36%, and Fringe Benefit Tax increased by 16.10%. The highest regional growth in overall direct tax was in Mumbai at 68.43%, with significant corporate tax growth in the North-Eastern region at 244.18%.