RTTNews - The net direct tax collections during the first quarter of the current fiscal were Rs.59,465 crore, up from Rs.57,373 crore in the same period last fiscal, a growth of 3.65%.

The collection in corporate taxes grew 3.31% to Rs.35,709 crore as against Rs.34,566 crore in the preceding year's quarter, with personal income tax, inclusive of FBT and STT, growing at 4.38% to Rs.24,564 crore from Rs.22,782 crore in the same quarter last year. The minimum growth in tax collection was due to high tax refund.

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