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<h1>India's Direct Tax Collections Surge 47.16% in April-June 2012; Corporate and Personal Taxes Rise, Wealth Tax Drops.</h1> Net direct tax collections in India for April-June 2012 rose by 47.16% to Rs. 84,273 crore compared to Rs. 57,267 crore in the same period the previous year. Gross direct tax collections increased by 6.77% to Rs. 1,11,182 crore. Corporate tax collections grew by 3.48% to Rs. 70,594 crore, while personal income tax collections rose by 13% to Rs. 40,520 crore. However, wealth tax decreased by 3.03% to Rs. 32 crore, and securities transaction tax fell by 0.52% to Rs. 952 crore.
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