Amid a slowing economy, the gross direct tax collections rose by 14.43 per cent to Rs 1.88 lakh crore during the April-August period of 2013-14 fiscal.The collections totalled Rs 1.64 lakh crore in the same period of the previous fiscal, 2012-13.
The government has fixed a direct tax collection target of over Rs 6.68 lakh crore for the current fiscal, envisaging a growth of 19 per cent from Rs 5.65 lakh crore in the previous fiscal.
While corporate tax collection has grown by just about 12 per cent in view of slow down in economic activity, personal income tax has seen a jump of about 19 per cent.
Gross collection of corporate taxes increased 11.72 per cent to Rs 1,08,075 crore during April-August, 2013-14 from Rs 96,738 crore a year earlier, the Finance Ministry said in a statement on Thursday.