Direct tax collections in April-July up by 24% 
Net revenue from direct tax collections during April-July stood at ₹1.59 lakh crore, a 24.01% increase over the net collections in the corresponding period last year, an official statement read. This is 18.82% of the budget estimates of direct taxes for 2016-17. Further, the gross collections from corporate and income tax grew by 11.65% and 31.47% respectively.