Press Information Bureau

Government of India

Ministry of Finance

09-July-2012 18:12 IST

Net Direct Tax Collections During April-June 2012 up by 47.16%

Gross Direct Tax collections during April-June of the Financial Year 2012-13 was up by 6.77 percent at Rs. 1,11,182 crore as against Rs. 1,04,135 crore in the same period during the last year. Gross collection of Corporate Taxes showed an increase of 3.48 percent and stood at Rs. 70,594 crore as against Rs. 68,223 crore in the same period during last year. Gross collection of Personal Income Tax was up by 13 percent and stood at Rs.40,520 crore as against Rs.35,858 crore in the same period during last year. Net Direct Tax collections was up by 47.16 percent and stood at Rs.84,273 crore, as compared to Rs.57,267 crore in the same period in the last fiscal.

Growth in Wealth Tax was (-) 3.03 percent and stood at Rs.32 crore as against Rs.33 crore in the same period during the last fiscal, while growth in Securities Transaction Tax (STT) was (-) 0.52 percent and stood at Rs.952 crore as against Rs.957 crore in the same period during the last year.

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DSM/SS/GN

Net Direct Tax Collections rose sharply in the April-June quarter, driven by higher personal and corporate tax receipts. Net Direct Tax Collections rose by 47.16 percent in the April-June quarter to Rs.84,273 crore, while Gross Direct Tax collections increased by 6.77 percent to Rs.1,11,182 crore. Corporate Tax receipts grew by 3.48 percent to Rs.70,594 crore and Personal Income Tax receipts increased by 13 percent to Rs.40,520 crore. Wealth Tax and Securities Transaction Tax recorded marginal declines.