Direct tax collections during April-December this fiscal, are up by 14.54 per cent. This is mainly due to an increase in corporate tax mop-up. As per the data released by the Central Board of Direct Taxes (CBDT), the gross collection of corporate tax was up 12.49 per cent at 2,69,850 crore rupees in April-December against 2,39,883 crore rupees in same period in in the previous fiscal. The personal income tax collection in the three quarters of the current fiscal was up by 19.06 per cent at 1,25,998 crore rupees.CBDT said the growth in wealth tax is 54.18 per cent in the same period. Amid volatility in the stock market, the securities transaction tax (STT) declined by 26.48 per cent at 3,763 crore rupees.
News On AIR | January 4, 2012 8:18 PM
Direct tax collections for this fiscal up by 14.54 per cent: CBDT