NEW DELHI :
NET direct tax collection
grew 19.54 per cent to
over Rs 5.74 lakh crore so
far this fiscal on higher
advance tax payment by
corporates.
The first instalment of
advance tax, which was
due on June 15, rose 27.34
per cent to Rs 1.48 lakh
crore. This includes
Corporation Income Tax
at Rs 1.14 lakh crore and
Personal Income Tax at
Rs 34,470 crore. The net
direct tax collection of Rs
5,74,357 crore (till July
11) includes CIT at Rs
2,10,274 crore and PIT at
Rs 3,46,036 crore, as per
data released by CBDT
on Saturday.