Net direct tax collection grows 23% to 6.9 lakh crore

NEW DELHI: Net direct tax collection grew 22.5% to about Rs 6.9 lakh crore as of August 11 this fiscal, driven by personal income tax mop-up, govt data showed on Monday. The mop-up includes personal income tax collection of Rs 4.5 lakh crore and corporate tax collection of Rs 2.2 lakh crore. Securities Transaction Tax (STT) fetched Rs 21,599 crore, while other taxes (which include equalisation levy and gift tax) earned Rs 1,617 crore.