Direct tax collections during April-December 2009 rose by 8.5 per cent to Rs 2.5 lakh crore on account of higher corporate tax collections.
In the first three quarters of this fiscal collections of corporate tax jumped by 13.47 per cent to Rs 1.66 lakh crore.
However, personal income tax collections were down 0.41 per cent at Rs 83,178 crore during the period compared to Rs 83,524 crore in the same period last fiscal. The amount includes the residual fringe benefit tax and banking cash transaction tax which have been scrapped now.
"Negative growth in PIT was largely on account of higher PIT refunds at Rs 8,954 crore against Rs 5,979 crore in the same period last year," an official statement said.
Corporate tax collections during December 2009 grew by a whopping 44 per cent to Rs 53,293 crore. Direct tax collections were Rs 66,410 crore during the month against Rs 53,347 crore in December 2008.
