Gross Direct Tax collection up by 13.27 per cent

Gross direct tax collections during April-July of the Financial Year 2013-2014 is up by 13.27 percent at Rs. 1,57,169 crore as against Rs. 1,38,751crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 9.75 percent and stands at Rs. 92,115 crore during April-July in F.Y. 2013-2014 as against Rs. 83,932 crore in the same period last year. Gross collection of Personal income tax is up by 19.32 per cent and stands at Rs.63, 583 crore as against Rs.53,289 crore last year . Net direct tax collections is up by 10.37percent and stands at Rs.1, 16,645 crore, as compared to Rs. 1, 05,684 crore in the same period in the last fiscal.

 

The collection of Securities Transaction Tax (STT) stands at Rs. 1267Crores.The Wealth Tax has posted a growth of 38.62 percent and stands at Rs.201crore as against Rs.145 crore during the same period in the last year

 

Source: ministry of finance

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