India's April-June direct tax receipts up 39 pct y/y

NEW DELHI (Reuters) - India's direct tax receipts were up 38.6 pct in the quarter to June from a year earlier, at 573.73 billion rupees ($13.28 billion), the government said on Friday.

Corporate taxes came in 32.7 percent higher at 345.66 billion rupees, according to a statement. Income tax receipts stood at 227.82 billion rupees, 48.8 percent more than a year ago, it added.

The government expects robust tax revenue in the year to March 2009 to keep the fiscal deficit below a target of 2.5 percent of gross domestic product (GDP).

($1 = 43.19 rupees)