Net direct taxes collections up 13.9 % in April-August

Net direct tax collections during the period April to August 2010 of the present fiscal stood at Rs.1,00,112 crore, up from Rs.87,888 crore in the same period last fiscal, registering a growth of 13.91 percent, an official statement said today.

It said growth in Corporate Income Tax was 17.05 per cent (Rs.57,750 crore as against Rs.49,339 crore), while Personal Income Tax (including Securities Transaction Tax and residual Fringe Benefit Tax and Banking Cash Transaction Tax) grew at 9.68 per cent (Rs.42,217 crore as against Rs.38,491 crore).

According to the statement, growth of Personal Income Tax was highest in Patna region (Bihar and Jharkhand) at 90.16 per cent, followed by Lucknow region (Uttar Pradesh -East) at 69.56 per cent, Guwahati region (North-East) at 47.78 percent and North Western Region (Chandigarh) at 41.73 percent.

Growth of Corporate Income Tax was highest in Bhopal region (Madhya Pradesh -Chhattisgarh) at 185.25 per cent, followed by Delhi region at 62.62 percent, and Nagpur and Pune regions (parts of Maharashtra) at 60.71 percent and 51.85 percent, respectively, it added.

NNN