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Direct tax collection up by 13 percent

Posted on 06 December 2013,    
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Gross Direct Tax Collections During April-November of the Current Financial Year 2013-14 is up by 13.18 Percent and Stood at Rs.3,68,655 Crore as Against Rs.3,25,736 Crore in the Same Period Last Year

Gross direct tax collections during April-November of the Financial Year 2013-14 is up by 13.18 percent and stood at Rs.3,68,655 crore as against Rs.3,25,736 crore in the same period last year. While gross collections of Corporate taxes has shown an increase of 9.66 percent and stood at Rs.2,25,124 crore as against Rs. 2,05,291 crore in the same period last year. Gross collections of Personal income tax is up by 19.60 percent and stood at Rs.1,39,763 crore as against Rs. 1,16,862 crore in the same period last year. Net direct tax collections is up by 14.60 percent and stands at Rs. 3,10,317 crore, as compared to Rs. 2, 70,771 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stands at Rs. 3,053 Crore showing the growth of 4.73 percent. The Wealth Tax has posted a growth of 13.38 percent and stood at Rs.712 crore as against Rs. 628 crore in the same period last fiscal.

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