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New Delhi , Sept. 22

AIDED by an increase in corporate tax collections, net direct taxes collections during April-September 15 registered a modest 4 per cent increase to touch Rs 18,077 crore as against a level of Rs 17,381 crore recorded in the same period during the previous year.

While net income tax collection for this period under review stood at Rs 11,574 crore, the corporate tax mop-up stood at Rs 6,503 crore, Finance Ministry officials said. A sum of Rs 95,569 crore has been budgeted towards direct taxes collections for 2003-04.

The overall net direct tax collection was up by Rs 696 crore or 4.0 per cent so far compared to April-September 15, 2002-03.

While corporate taxes grew by Rs 1,039 crore till September 15, income tax collections actually declined by Rs 343 crore in the same period.

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