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| « Rise in direct tax mop-up fuels recovery hopes... | FM will have to rely heavily on direct taxes... » |
Direct tax receipts up 5.8 pct - Govt |
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| June, 05th 2009 |
India's April-May direct tax receipts grew 5.77 percent from a year earlier to 241.58 billion rupees, the Central Board of Direct Taxes said in a statement on Friday.
Corporate tax receipts rose 5.56 percent to 85.78 billion rupees in the first two months of 2009/10, while income tax collections were up 5.92 percent at 155.59 billion rupees, it said.
"Growth during the month of May 2009, was 16.88 percent 11,919 crore (119.19 billion) rupees against 10,198 crore rupees, as against a negative growth of 3.19 percent for the month of April 2009," it added.
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