Direct tax collections up 3.7 pc in April-Nov

There are just four months left to meet the target of Rs 3.7 lakh crore, almost double of the collected amount till November. The target was also revised to Rs 4 lakh crore later by Finance Minister Pranab Mukherjee. Finance Ministry officials, however, are confident that the budget target would be met.

Corporate taxes grew by 3.17 per cent to Rs 1.13 lakh crore as compared to Rs 1.09 lakh crore in the same period last year. Income Tax collections were up 4.53 per cent at  Rs 70,262 crore. In November, tax collections were nearly similar to last year as the mop-up was Rs 10,375 crore compared to Rs 10,346 crore in the same month last year.