Gross direct tax collection during April-June of the F.Y. 2013-14 is up by 11.52 percent at Rs. 1,23,993 crore as against Rs. 1,11,183 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 7.82 percent (Rs. 76,115 crore as against Rs. 70,594 crore last year), gross collection of Personal income tax is up by 18.53 percent (Rs.46,903 crore as against Rs.39,569 crore last year). Net direct tax collection is up by 6.44 percent and stands at Rs.89,705 crore, as compared to Rs. 84,274 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stands at Rs. 926 Crores. The Wealth Tax has posted a growth of 50.00 percent (Rs.48 crore against Rs.32 crore last year).

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(Release ID :97106)

Direct tax collection rises in April-June quarter; corporate and personal tax receipts and other levies show growth. Direct tax collection for April-June of fiscal 2013-14 rose overall, with gross receipts increasing by a double-digit percentage and net direct tax collection growing at a lower rate. Corporate tax receipts increased at a modest rate relative to gross collections, while personal income tax showed substantially higher growth. The release additionally reports receipts from Securities Transaction Tax and a marked percentage increase in Wealth Tax collections, indicating differing performance across tax heads during the quarter.