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Direct Tax »
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India's H1 Gross Direct Tax Collections
October, 10th 2012

Gross direct tax collection during April-September of the current fiscal was up by six percent to Rs.2,72,133 crore from the Rs.2,57,042 crore in the corresponding period last year, while net direct tax collections stood at Rs.2,26,603 crore, compared with Rs.1,94,812 crore in the same period in the last fiscal, reflecting a growth of 16 percent, according to Finance Ministry press release.

While gross collection of corporate taxes showed an increase of two percent (Rs.1,78,173 crore, compared with Rs.1,75,360 crore last year), gross collection of personal income tax was up by 15 percent (Rs.93,451 crore as against Rs.81,353 crore last year).

Growth in wealth tax was 54 percent (Rs.474 crore against Rs.308 crore last year), whereas growth in securities transaction tax (STT) fell by seven percent (Rs.2,076 crore against Rs.2,502 crore).

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