Comments on : Gross Direct Tax Collection Figures for April-May 2012-13 is Up by 3.62 Percent at Rs. 52,232 Crore as Against Rs. 50,407 Crore in the Same Period in F.Y.2011-12

Home > News > Comments On :: Gross Direct Tax Collection Figures for April-May 2012-13 is Up by 3.62 Percent at Rs. 52,232 Crore as Against Rs. 50,407 Crore in the Same Period in F.Y.2011-12

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HERO

Wrote on 14 June 2012

THIS IS IMPORTANT NEWS FOR ME. KEEP YOUR ANALYSIS, IN THIS WAY, GOING.

This is very positive sign for the Indian economy.But Indian economy always has reverse effect in itself.Against every Positive element there is a negative element to nullify it. for example ;you can say the excess collection of tax will recoup corruption charges, inflation.So country and its people will be in same seat as before. From this Statistics it is very clearly understood if you go on tightening a nut, finally it will be loose. The margin of personal tax is increasing from 160000 to 180000 and to 200000. So people are feeling good to pay tax and result is good. For Corporate the MAT go on increasing from 10 % to 15% then to 18 %.due to which the tax collection is go on reducing.

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