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Direct tax collection grows by a meagre 7.14 percent

Posted on 12 December 2012,    
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Gross Direct Tax Collection Figures for April-November 2012-13 Up by 7.14 Percent at Rs. 3,25,696 Crore as Against Rs. 3,04,002 Crore in the Same Period Last Year

Gross direct tax collections during April-November of the Financial Year 2012-13 was up by 7.14 percent at Rs. 3,25,696 crore as against Rs. 3,04,002 crore in the same period last year. While gross collection of corporate taxes showed an increase of 3.00 percent and stood at Rs. 2,05,301 crore as against Rs. 1,99,317 crore during the same period last year. Gross collection of personal income tax was up by 14.94 percent and stood at Rs.1,19,736 crore as against Rs.1,04,176 crore during the same period last year. Net direct tax collections was up by 15.04 percent and stood at Rs.2,70,731 crore, as compared to Rs. 2,35,333 crore during the same period in the last fiscal.

Growth in net collections of wealth tax was by 27.10 percent and stood at Rs.619 crore as against Rs.487 crore during the same period last year, while growth in securities transaction tax (STT) was (-) 12.83 percent and stood at Rs.2,914 crore as against Rs.3,343 crore during the same period in last fiscal.


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