 "Direct tax")
Net direct tax collection (after adjusting refunds) rose 15.3 per cent to Rs 15.72 trillion till March 16 this fiscal year so far, buoyed by an upsurge in advance tax mop-up, people close to the development told Business Standard.
With this, tax collection is 95.2 per cent of the revised target of Rs 16.5 trillion and 10 per cent above the Budget Estimate of Rs 14.2 trillion.
As on March 16, on a net basis, corporate tax collection stood at Rs 8.11 trillion and personal income tax Rs 7.32 trillion. These include the advance tax collection of Rs 7.40 trillion.
Securities transaction tax
