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Gross Direct Tax Collections increase up by 6.6% India

TrustmanBlog Data Collection Legal Outsourcing IndiaGross Direct Tax Collections increase up by 6.6% India

Apr

30

Gross Direct Tax Collections increase up by 6.6% India

Gross Direct Tax Collections inches up by 6.6% Gross direct tax collections have scaled up from Rs. 2,84,081 crore during Apr-October 2011-12 to Rs. 3,02,810 crore during Apr- October 2012-13 with growth of about 6.6%. While gross collection of corporate taxes has risen from Rs. 1,89,872 crore during Apr- October 2011-12 to Rs. 1,93,679 crore Apr- October 2012-13 with a growth of 2%. The gross collection of personal income tax has scaled up from Rs.93,769 crore to Rs. 1,08,569 crore during the same period with robust growth of about 16%. The net direct tax collections have posted significant increase from Rs.2,18,850 crore during Apr- October 2011-12 to Rs.2,50,866 crore in Apr- October 2012-13 and have registered a growth of about 15%. The net collections of wealth tax has scaled up from Rs. 418 crore to Rs.526 crore during the same period with a growth of about 26%. While securities transaction tax (STT) has scaled down from Rs. 2,958 crore to Rs. 2,502 crore during same period with de-growth of about (-) 15%.

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