Direct Tax up 13.18 %, Corporate Tax up by 9.66 %, Wealth 13.38 %
Direct Tax up 13.18 %, Corporate Tax up by 9.66 %, STT 4.63 % & Wealth Tax 13.38%
As Tax Authorities became smart and Tax Payers become responsible citizens, aggregate Tax collection rised!
Gross direct tax collection during April-November of the F.Y. 2013-14 is up by 13.18 percent at Rs.3,68,655 crore as against Rs.3,25,736 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 9.66 percent (Rs.2,25,124 crore as against Rs. 2,05,291 crore lastyear), gross collection of Personal income tax is up by 19.60 percent(Rs.1,39,763 crore as against Rs. 1,16,862 crore last year).
Net direct tax collection is up by 14.60 percent and stands at Rs. 3,10,317 crore, as compared to Rs. 2, 70,771 crore in the same period in the last fiscal.
The collection of Securities Transaction Tax (STT) stands at Rs. 3,053 Crore showing the growth of 4.73 percent. The Wealth Tax has posted a growth of 13.38 percent (Rs. 712 crore against Rs. 628 crore last year).