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Our Bureau

New Delhi, June 25 The Centre’s net direct tax collections have recorded growth rate of 43.45 per cent up to June 21 this fiscal at Rs 49,411 crore.

While corporate tax collections for the period under review grew by 39.81 per cent at Rs 30,655 crore, personal income tax collections up to June 21 stood at Rs 18,756 crore, reflecting an increase of 49.82 per cent over the same period last year.

Direct tax collections of Rs 49,411 crore as on June 21 would imply that the advance tax payout of the corporate sector for the first instalment (June 15) in the current fiscal was about Rs 26,000 crore. Up to May this fiscal, the net direct tax collections stood at Rs 22,840 crore.

An official release said that buoyancy in tax collections was significant considering the fact that refunds to the tune of Rs 10,810 crore have been issued till date, reflecting a growth rate of 33.7 per cent over previous year.

Meanwhile, the statement added that the advance tax payments by top companies have shown a healthy growth and the highest contribution has come from ONGC, followed by SBI and SAIL.

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