India's direct tax mop-up rises 17.85 per cent to Rs2,16,628 crore in April-November

Net direct tax collections in the country stood at Rs2,16,628 crore in April-November 2010-11, up 17.85 per cent year-on-year from Rs1,83,822 crore during the same period last fiscal.

With direct tax collections crossing 50 per cent of the targeted Rs4,30,000 crore for fiscal 2010-11, the government is hopeful of achieving the current year target.

Corporate income tax collections grew 22.30 per cent to Rs1,38,461 crore against Rs1,13,210 crore in the comparable period of the previous fiscal, while personal income tax collections, including STT and residual FBT / BCTT, grew 10.66 per cent to Rs77,768 crore against Rs70,278 crore in April-November 2009-10.

With record gains in securities business, the growth rate of securities transaction tax turned positive for the first time during the fiscal, growing at 0.55 per cent to Rs4,373 crore from Rs4,349 crore in April-November 2009-10.