Press Information Bureau

Government of India

Ministry of Finance

04-January-2013 17:40 IST

Gross Direct Tax collections during April-December of the Financial Year 2012-13 was up by 8.01 percent and stood at Rs. 4,28,278 crore as against Rs. 3,96,530 crore in the same period last year. While gross collections of Corporate Taxes showed an increase of 4.94 percent and stood at Rs. 2,83,170 crore as against Rs. 2,69,850 crore during the same period last year. Gross collections of Personal Income Tax was up by 14.57 percent and stood at Rs.1,44,376 crore as against Rs.1,26,012 crore during the same period last year.

Net Direct Tax collections was up by 13.70 percent and stood at Rs. 3,68,322 crore, as compared to Rs. 3,23,956 crore in the same period in the last fiscal.

Growth in net collection of Wealth Tax was 1.55 percent and stood at Rs.656 crore as against Rs.646 crore during the same period last year, while growth in Securities Transaction Tax (STT) was (-) 12.46 percent and stood at Rs.3,294 crore as against Rs.3,763 crore during the same period last year.

*****

DSM/RS/ka

Net Direct Tax collections rise year-on-year, led by stronger Personal Income Tax and higher gross direct tax receipts. Net Direct Tax collections increased by 13.70 percent for April-December 2012-13 compared with the same period in the previous year, while Gross Direct Tax collections rose by 8.01 percent. Corporate Tax collections showed modest growth and Personal Income Tax collections recorded stronger growth. Wealth Tax rose slightly and Securities Transaction Tax receipts declined, identifying the main contributors to aggregate net and gross direct tax movements for the nine-month period.