166.jpeg)
The gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year to Rs 8.98 trillion, the tax department said on Sunday.
This includes a 32 per cent growth in personal income tax (including Securities Transaction Tax) mop up and 16.73 per cent increase in corporate tax revenues over the same period last year.
After adjusting for refunds, the net direct tax collections between April 1 - October 8 stood at Rs 7.45 trillion, which is 52.46 per cent of the Budget estimates (BE) for the full year tax collection target, the department said.
