Net direct tax income up 6.4% in June

Hit hard by slowing economic growth, the government's direct tax collections, net of refunds, rose just 6.4 per cent to Rs 89,705 crore in the first quarter of the current financial year, compared to 84,274 crore in April-June of 2012-13.

The Union Budget had targeted direct tax collection to grow 18 per cent to Rs 6.7 lakh crore in 2013-14.