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Direct tax receipts up 43 pct until June 21

June, 26th 2008
India's direct tax receipts were up 43.45 percent to 494.11 billion rupees until June 21, on the back of a higher advance tax payments by corporates, the finance ministry said on Wednesday. Collection from corporate tax were 306.55 billion rupees, up 39.81 percent from a year-ago, while income tax receipts were up 49.8 percent to 187.56 billion rupees, it said in a statement. "The advance tax payments by top companies have shown a healthy growth. The highest contribution has come from ONGC followed by SBI and SAIL, indicating that the growth is visible in almost all sectors of economy," the ministry said.