Direct taxes fall 42% to Rs 34,972 crore, from Rs 60,363 crore in August last yearTax collections fell 7.7% per cent at Rs 1.5 trillion in August this year from Rs 1.6 trillion in the same month last year as all major taxes tumbled.
Corporation tax yielded Rs 11,159 crore, which is almost half of Rs 22,201 crore in August last year, according to data provided by the Controller General of Accounts (CGA).