The gross direct tax collection has risen only by 13.18 per cent to Rs 3.68 lakh crore during the April-November period of 2013-14 fiscal, mainly due to the ongoing economic stress.
The collections had totalled Rs 3.25 lakh crore during the first eight months of the 2012-13 fiscal. Net direct tax collections rose 14.60 per cent to Rs 3,10,317 crore during April-November, as against Rs 2,70,771 crore in the year-ago period, the Finance Ministry said in a statement on Thursday.
The Government has fixed direct tax collection target of over Rs 6.68 lakh crore for 2013-14, envisaging a growth of 19 per cent, as against Rs 5.65 lakh crore in 2012-13. The gross collection of corporate taxes increased 9.66 per cent to Rs 2,25,124 crore during April-November, up from Rs 2,05,291 crore in the year-ago period, the Finance Ministry said in a statement on Thursday.