Gross Direct/Corporate Taxes Collection during APRIL-DECEMBER, 2011

Posted: 02/02/2012 in Circulars, Income Tax

Press Release No. 402/92/2006-MC( 1 of 2012), dated 04-01-2012

Gross Direct Tax Collection during April-December of the current fiscal was up by 14.54 percent at Rs.3,96,529 crore as against Rs.3,46,182 crore in the same period last fiscal. While Gross Collection of Corporate Taxes was up 12.49 percent (Rs.2,69,850 crore against Rs.2,39,883 crore last year), Gross collection of Personal Income Tax was up by 19.06 percent (Rs.1,25,998 crore against Rs.1,05,831 crore last year). Net Direct Tax Collections stood at Rs.3,23,955 crore, up from Rs.2,98,957 crore in the same period last fiscal, registering a growth of 8.36 percent.

Growth in Wealth Tax was 54.18 % (Rs.646 crore against Rs.419 crore) while for securities transaction tax (STT) it was -26.48 percent (Rs.3763 crore against Rs 5118 crore).

Source: Income Tax Department- India.

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