Press Information Bureau

Government of India

Ministry of Finance

08-November-2012 13:0 IST

Gross direct tax collections during April-October of the Financial Year 2012-13 was up by 6.59 percent and stood at Rs. 3,02,810 crore as against Rs. 2,84,081 crore in the same period last year. Net direct tax collections was up by 14.63 percent and stood at Rs.2,50,866 crore, as compared to Rs. 2,18,850 crore in the same period in the last fiscal.

Gross collections of corporate taxes showed an increase of 2.01 percent and stood at Rs. 1,93,679 crore as against Rs. 1,89,872 crore last year during the same period last year. Gross collections of personal income tax was up by 15.78 percent and stood at Rs.1,08,569 crore as against Rs.93,769 crore in the same period in the last fiscal.

Growth in net collections of wealth tax was up by 25.84 percent and stood at Rs.526 crore as against Rs.418 crore in the same period last year, while growth in Securities Transaction Tax (STT) was (-) 15.42 percent and stood at Rs.2, 502 crore as against Rs.2, 958 crore in the same period in the last fiscal.

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DSM/RS/ka

Gross direct tax collections rose year on year, driven by stronger personal and net tax receipts despite weaker transaction tax inflows. Gross direct tax collections for the April-October period showed year on year growth, with net direct tax receipts increasing by a higher rate than gross collections. Corporate tax receipts rose modestly, personal income tax receipts grew substantially, wealth tax net collections increased, and Securities Transaction Tax receipts declined compared to the same period in the prior year.