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Gross direct tax collections during April-September of the F.Y. 2013-14 is up by 10.66 percent and stood at Rs. 3,01,250 crore as against Rs. 2,72,221 crore in the same period last year. Gross collections of Corporate taxes has shown an increase of 7.93 percent and stood at Rs. 1, 92,308 crore as against Rs. 1,78,173 crore during the same period last year. Gross collections of Personal income tax is up by 16.15 percent and stands at Rs. 1,06,231 crore as against Rs. 91,463 crore in the same period last year. Net direct tax collections is up by 10.72 percent and stands at Rs. 2, 50,959 crore, as compared to Rs. 2, 26,653 crore in the same period in the last fiscal.
The collection of Securities Transaction Tax (STT) stands at Rs. 2,210 Crore showing the growth of 6.45 percent. The Wealth Tax has posted a growth of 5.27 percent and stands at Rs. 499 crore as against Rs. 474 crore in the same period last year.
Gross direct tax collections rise, driven by increases in corporate and personal income tax and higher net collections. Gross direct tax collections rose by 10.66 percent during April-September 2013-14 to Rs. 3,01,250 crore. Corporate tax collections increased by 7.93 percent to Rs. 1,92,308 crore, while personal income tax grew by 16.15 percent to Rs. 1,06,231 crore. Net direct tax collections were up 10.72 percent to Rs. 2,50,959 crore. Securities Transaction Tax receipts and Wealth Tax receipts also recorded growth.Press 'Enter' after typing page number.