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Direct tax collection up 45%
December, 05th 2007
Direct tax collections grew 44.86% during April-November this year to Rs 1,45,053 crore, up from Rs 1,00,135 crore in the year-ago period.

"Net direct tax collections have continued to grow at over 40% and government has succeeded in achieving over 54% of budgeted direct tax target of Rs 2,67,490 crore in the first eight months," a finance ministry statement said.

Corporate tax registered a growth of 46.62% at Rs 86,526 crore during the period under review, up from Rs 59,015 crore, while personal income tax (including FBT, STT and BCTT) grew by 42.48% at Rs 58,303 crore, up from Rs 40,920 crore.

Securities Transaction Tax (STT) was up 78.93% at Rs 4,924 crore during April-November period against Rs 2,752 crore during the corresponding period last fiscal.

Fringe Benefit Tax (FBT) grew by 16.76% at Rs 3,064 crore for the first eight months of the fiscal as against Rs 2,624 crore during the year-ago period. Banking Cash Transaction Tax (BCTT) rose 14.34% to Rs 359 crore against Rs 314 crore in the comparable period last year.
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