Press Information Bureau

Government of India

Ministry of Finance

10-October, 2012 16:01 IST

Gross direct tax collection during April-September of the F.Y. 2012-13 was up by 5.87 percent at Rs. 2,72,133 crore as against Rs. 2,57,042 crore in the same period last year. While gross collection of corporate taxes showed an increase of 1.60 percent (Rs. 1,78,173 crore as against Rs. 1,75,360 crore last year), gross collection of personal income tax was up by 14.87 percent (Rs.93,451 crore as against Rs.81,353 crore last year). Net direct tax collections was up by 16.32 percent and stood at Rs.2,26,603 crore, as compared to Rs.1,94,812 crore in the same period in the last fiscal.

Growth in wealth tax was 53.9 percent (Rs.474 crore against Rs.308 crore), while growth in securities transaction tax (STT) was (-) 17.03 percent (Rs.2,076 crore against Rs.2,502 crore).

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DSM/RS/bs

 

Direct tax collections show mixed growth with income tax rising and corporate tax modestly up in the first half. Gross and net direct tax receipts for the first half of the fiscal year recorded overall growth, driven principally by a marked increase in personal income tax receipts and only a marginal rise in corporate tax collections; net collections rose at a higher rate than gross collections. Specific components diverged: personal income tax and wealth tax increased significantly, while securities transaction tax receipts declined, with comparisons drawn to the same period in the prior year to indicate relative revenue performance across tax heads.