Press Information Bureau

Government of India

Ministry of Finance

24-December-2012 15:13 IST

Advance Tax Collections for the month of December 2012 up to 20th December, 2012 registered a growth of 10.44% over the corresponding period last year. Advance tax Collections are worth Rs. 78,226 crores during this period as against Rs.70,826 crores collected during the corresponding period last year.

The overall growth rate of advance tax collections during the current Financial Year 2012-13 from 1stApril 2012 to 20th December, 2012 has been 7.52% over the last financial year’s figures during the corresponding period . It includes corporation tax growth rate of 7% and personal Income Tax growth rate of 12.3%.

******

DSM/Ka

Advance tax collections show year-to-date growth, driven by corporate and personal income tax increases in the current financial year. Advance tax collections to 20 December 2012 recorded a month-to-date increase of 10.44% and a financial year-to-date increase of 7.52% versus the corresponding prior periods, with corporation tax showing positive growth and personal income tax showing higher growth, reflecting differential performance across major direct tax heads.