Press Information Bureau

Government of India

Ministry of Finance

10-September-2012 17:44 IST

Net Direct Tax Collections During April-August 2012-13 up by 28.15 per cent and Stood at Rs.1,23,969 Crore as against RS. 96,738 Crore in the Same Period Last Year

Gross Direct Tax collections during April-August of the F.Y. 2012-13 was up by 6.51 per cent at Rs. 1,64,413 crore as against Rs. 1,54,361 crore in the same period last year. While gross collection of Corporate Taxes showed an increase of 0.15 per cent and stood at Rs.96,738 crore during the same period as against Rs. 96,597 crore last year. Gross collection of Personal Income tax was up by 17.09 per cent at Rs.67,420 crore as against Rs. 57.582 crore in the same period last year. Net Direct Tax Collections was up by 28.15 per cent and stood at Rs. 1,23,969 crore, as compared to Rs. 96,738 crore in the same period in the last fiscal.

Growth in Wealth Tax was 40.63 per cent and stood at Rs.225 crore as against Rs. 160 crore in the same period last year. Growth in Securities Transaction Tax (STT) was (-) 14.94 per cent at Rs.1719 crore as against Rs.2021 crore during the same period last year.

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Net Direct Tax Collections rose year-on-year in the April-August period, with personal income tax up and STT down. Net direct tax collections for the April-August period increased notably year-on-year, while gross direct tax receipts rose modestly; corporate tax receipts were essentially unchanged, personal income tax receipts increased materially, wealth tax receipts grew strongly, and securities transaction tax receipts declined.