Press Information Bureau
Government of India
Ministry of Finance

07-October-2011 21:03 IST

Gross direct tax collection during the first half of the current fiscal (April-September 2011) was up by 23 percent at Rs 257,042 crore as against Rs 208,971 crore in the same period last fiscal. While gross collection of corporate taxes was up 23.17 percent (Rs.175,360 crore against Rs 142,368 crore last year), gross collection of personal income tax was up by 22.65 percent (Rs 81,353 crore against Rs 66,330 crore last year). Net direct tax collections stood at Rs 194,812 crore, up from Rs 181,758 crore in the same period last fiscal.

The growth of gross direct taxes for the first half during the last fiscal (2010-11) was 15.51 percent, i.e. Rs 208,971 crore against Rs 180,906 crore. Gross collection of corporate taxes was up 16.99 percent (Rs 142,368 crore against Rs 121,695 crore in FY 2009-10), gross collection of personal income tax was up by 12.47 percent (Rs 66,330 crore against Rs 58,974 crore in FY 2009-10). Net direct tax collection was up 19.09 percent from Rs 152,625 crore in FY 2009-10.

DSM/SS/GN

Gross direct tax collections rose in the first half, reflecting stronger revenue performance compared with the prior year. Gross direct tax collections rose by 23 percent in April-September 2011 versus the same period the prior year, with corporate tax receipts up just over 23 percent and personal income tax receipts up about 22.7 percent; net direct tax collections also increased, reflecting stronger revenue mobilisation in the first half.