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Net Direct Tax collections up 12.49%

Source : IBNS
Last Updated: Wed, Feb 06, 2013 22:07 hrs

New Delhi, Feb 6 (IBNS) Gross Direct Tax collection during April-January of the current fiscal (F.Y. 2012-13) was up by 7.02 percent at Rs. 4,55,125 crore as against Rs. 4,25,274 crore in the same period last fiscal.

While gross collection of Corporate Taxes was up 3.71 percent (Rs. 2,96,451 crore against Rs. 2,85,837 crore last year), gross collection of Personal Income Tax was up by 13.81 percent (Rs. 1,57,913 crore against Rs. 1,38,746 crore last year).

Net Direct Tax collections stood at Rs.3,90,310 crore, up from Rs. 3,46,959 crore in the same period last fiscal, registering a growth of 12.49 percent.



Growth in Wealth Tax was 2.85 percent (Rs. 685 crore against Rs. 666 crore), while growth in Securities Transaction Tax (STT) -9.99 percent (Rs. 3,731 crore against Rs. 4,145 crore).

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