Last year the direct taxes yielded Rs 1,15,377 crore. With this, the net direct tax collections are already 61 per cent of budgeted tax target of Rs 2,67,490 crore. The budget had targeted the direct taxes collections to grow by 16.6 per cent  this fiscal.

Corporate tax fetched Rs 98,391 crore, up 42.37 per cent from Rs 69,110 crore and personal income tax grew by 42.83 per cent to yield Rs 65,774 crore against Rs 46,051 crore a year ago, an official statement said. Bullish stock markets led to a 74.36 per cent rise in securities transaction tax  at Rs 5,895 crore against Rs 3,381 crore. Fringe Benefit Tax fetched 16.10 per cent more to the exchequer at Rs 3,313 crore against Rs 2,854 crore, while banking cash transaction tax yielded Rs 376 crore, up 17.04 per cent over Rs 322 crore last year.

Mumbai leads

Overall direct tax growth was highest in the Mumbai region at 68.43 per cent, followed by Pune region at 58.68 per cent, North Western region (Chandigarh) at 47.98 per cent, Andhra Pradesh (Hyderabad) at 43.82 per cent and eastern Uttar Pradesh (Lucknow) at 39.79 per cent, the statement added.

Corporate tax growth was highest in the North-Eastern region at 244.18 per cent, followed by Kerala at 83.32 per cent, Mumbai at 80.92 percent, eastern Uttar Pradesh at 71.22 per cent and Pune region at 56.24 per cent. Personal income tax growth was highest in Madhya Pradesh and Chhattisgarh region at 160.95 per cent.