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<h1>Direct tax collection growth exceeds forty percent, advancing progress toward the annual budgeted revenue target for the period.</h1> Strong growth in direct tax receipts for 1 April-15 December 2007 raised aggregate net collections sharply year on year and advanced progress toward the budgeted direct tax target; major contributors included Corporate Tax, Personal Income Tax and transaction based levies (Securities Transaction Tax, Fringe Benefit Tax, Banking Cash Transaction Tax), with marked regional variation in growth rates across metropolitan and regional offices.