The gross direct tax collection in the country during April to January of the current fiscal, is up by 14.57 per cent at 4,25,274 crore rupees as against 3,71,188 crore rupees in the same period last fiscal. According to Finance Ministry data, while the gross collection of corporate taxes was up 11.87 per cent, to 2,85,837 crore rupees as against 2,55,514 crore rupees last year. The gross collection of personal income tax was up by 20.43 per cent.The net direct tax collections stood at 3,46,959 crore rupees, up from 3,17,500 crore rupees in the same period last fiscal, registering a growth of 9.28 per cent. Growth in wealth tax was 45.11 per cent to 682 crore rupees against 470 crore rupees, while growth in securities transaction tax, STT was minus 27.19 per cent to 4,145 crore rupees against 5,693 crore rupees last fiscal.
News On AIR | February 8, 2012 6:07 PM
Direct tax collection up by 14.57% in financial year 2011-2012