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Direct Tax Collection Up 14.54 Percent in April-December
Friday, 06 January 2012, 00:44 IST
Bangalore: Direct tax collections during April-December this fiscal were up by 14.54 percent at 
3,96,529 crore over the corresponding period last fiscal, mainly due to an increase in corporate tax mop-up. The gross direct tax collection in the first three quarters of 2010-11 was 3,46,182 crore.
As per the data released by the Central Board of Direct Taxes (CBDT), the gross collection of corporate tax was up 12.49 percent at 2,69,850 crore in April-December against 2,39,883 crore in same period in in the previous fiscal. The personal income tax collection in the three quarters of the current fiscal was up by 19.06 percent at 1,25,998 crore. CBDT said the net direct tax collections (minus refunds issued to the assessess) stood at 3,23,955 crore in April- December.
This was up by 8.36 percent from 2,98,957 crore collected in the same period last fiscal. The growth in wealth tax was 54.18 percent at 646 crore against 419 crore collected last year. Amid volatility in the stock market, the securities transaction tax (STT) declined by 26.48 percent at 3,763 crore.
The STT mop-up was 5,118 crore in the first three quarters of the last fiscal. In the Budget 2011-12, the government had envisaged to collect 5.32 lakh crore from direct taxes this fiscal.
Source: PTI
3,96,529 crore over the corresponding period last fiscal, mainly due to an increase in corporate tax mop-up. The gross direct tax collection in the first three quarters of 2010-11 was 3,46,182 crore.
As per the data released by the Central Board of Direct Taxes (CBDT), the gross collection of corporate tax was up 12.49 percent at 2,69,850 crore in April-December against 2,39,883 crore in same period in in the previous fiscal. The personal income tax collection in the three quarters of the current fiscal was up by 19.06 percent at 1,25,998 crore. CBDT said the net direct tax collections (minus refunds issued to the assessess) stood at 3,23,955 crore in April- December.
This was up by 8.36 percent from 2,98,957 crore collected in the same period last fiscal. The growth in wealth tax was 54.18 percent at 646 crore against 419 crore collected last year. Amid volatility in the stock market, the securities transaction tax (STT) declined by 26.48 percent at 3,763 crore.
The STT mop-up was 5,118 crore in the first three quarters of the last fiscal. In the Budget 2011-12, the government had envisaged to collect 5.32 lakh crore from direct taxes this fiscal.
Source: PTI