Press Information Bureau

Government of India

Ministry of Finance

11-December, 2012 14:13 IST

Gross direct tax collections during April-November of the Financial Year 2012-13 was up by 7.14 percent at Rs. 3,25,696 crore as against Rs. 3,04,002 crore in the same period last year. While gross collection of corporate taxes showed an increase of 3.00 percent and stood at Rs. 2,05,301 crore as against Rs. 1,99,317 crore during the same period last year. Gross collection of personal income tax was up by 14.94 percent and stood at Rs.1,19,736 crore as against Rs.1,04,176 crore during the same period last year. Net direct tax collections was up by 15.04 percent and stood at Rs.2,70,731 crore, as compared to Rs. 2,35,333 crore during the same period in the last fiscal.

Growth in net collections of wealth tax was by 27.10 percent and stood at Rs.619 crore as against Rs.487 crore during the same period last year, while growth in securities transaction tax (STT) was (-) 12.83 percent and stood at Rs.2,914 crore as against Rs.3,343 crore during the same period in last fiscal.

 

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Direct tax collection growth shows personal income tax gains while securities transaction tax records a decline. Gross direct tax collections for April-November 2012-13 rose by 7.14 percent year on year, with corporate tax up 3.00 percent, personal income tax up 14.94 percent, and net direct tax collections up 15.04 percent; wealth tax increased by 27.10 percent while securities transaction tax declined by 12.83 percent.