Net direct tax collections grew 20.8 per cent, to 3.36 lakh crore rupees during the April 2010 to February 2011 period of the current financial year, compared to the same period of the last fiscal. Corporate income tax collections grew 24 per cent, to 2.23 lakh crore rupees during the review period. Personal income tax grew 14.8 per cent, to 1.12 lakh crore rupees, according to an official statement. And Securities Transaction Tax revenue grew 1.7 per cent, to 6,078 crore rupees during the 11-month period ending February 2011. Net direct tax collections during this period amounted to 3.36 lakh crore rupees, which is 75.4 per cent of the revised estimates target of 4.46 lakh crores for the entire fiscal. This indicates that a shortfall of 1.1 lakh crore rupees is left to be covered in the final month of the financial year if the target is to be met.
News On AIR | March 9, 2011 5:20 PM
Net Direct tax collections up 20.08% in April-Feb,2010-11