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Home: Direct tax collections up 14.57% during April-January

Direct tax collections up 14.57% during April-January

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NetIndian News Network
New Delhi, February 8, 2012

Gross direct tax collections were up by 14.57 per cent at Rs.4,25,274 crore during April-January in the current fiscal year as against Rs.3,71,188 crore in the same period in the previous financial year.

While gross collection of corporate taxes was up 11.87 per cent (Rs.2,85,837 crore against Rs.2,55,514 crore last year), gross collection of personal income tax was up by 20.43 per cent (Rs.1,38,730 crore against Rs.1,15,192 crore last year).
 
Net direct tax collections stood at Rs.3,46,959 crore, up from Rs.3,17,500 crore in the same period last fiscal, registering a growth of 9.28 per cent.
 
Growth in wealth tax was 45.11 per cent (Rs.682 crore against Rs.470 crore), while growth in securities transaction tax (STT) was -27.19 percent (Rs.4,145 crore against Rs.5,693 crore), an official press release added.
 
NNN
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