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of <h1>India's Direct Tax Collections Rise by 13.02% in FY 2011-12; Corporate Tax Up 11.52%, Personal Income Tax Up 16.20.</h1> Direct tax collections in India for the financial year 2011-12 increased by 13.02% to Rs. 5,90,077 crore from Rs. 5,22,104 crore in 2010-11. Corporate tax collections rose by 11.52% to Rs. 3,96,208 crore, while personal income tax collections increased by 16.20% to Rs. 1,93,042 crore. Net direct tax collections reached Rs. 4,94,799 crore, marking a 10.71% growth. Wealth tax collections grew by 14.56% to Rs. 787 crore. However, Securities Transaction Tax collections declined by 20.95%, totaling Rs. 5,656 crore compared to Rs. 7,155 crore in the previous year.
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