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Gross direct tax collection during April-January of the Financial Year 2014-15 is up by 11.38 percent at ₹ 5,78,715 crore as against ₹ 5,19,588 crore collected during the same period last year. Gross collection of Corporate tax has shown an increase of 11.04 percent and stood at ₹ 3, 64,665 crore as against ₹ 3, 28,413 crore collected during the same period last year. Gross collection of Personal income tax is up by 11.32 percent and stood at ₹ 2, 07,613 crore as against ₹ 1, 86,502 crore collected during the same period last year. Securities Transaction Tax (STT) stands at ₹ 5556 crore at a growth of 44.12%. Net direct tax collections are up by 6.21 percent and stand at ₹ 4,74,488 crore, as compared to ₹ 4,46,756 crore in the same period in the last fiscal.
Advance tax collection has shown a growth of 13.26% during April-January of the FY 2014-15 as against the growth of 8.71% shown at the same time previous year. Growth in TDS is 7.79% as against 16.65% in the same period last year.
The Self-Assessment Tax shows a growth of 22.22% as against 10.94% in the same period last year. The growth in Regular Tax is 17.25% as against 24.14% in the same period last year.
Direct tax collection growth shows year to date increases driven by corporate and personal income tax receipts. Increase in gross direct tax collection reported for April-January 2014-15: gross direct tax up 11.38% to Rs. 5,78,715 crore, with corporate tax up 11.04% and personal income tax up 11.32%; Securities Transaction Tax also grew and net direct tax receipts rose year on year. Advance tax collections showed stronger growth, TDS growth moderated, and Self Assessment and Regular Tax collections displayed differing growth rates.Press 'Enter' after typing page number.