Press Information Bureau

Government of India

Ministry of Finance

06-February-2013 16:49 IST

Gross Direct Tax collection during April-January of the current fiscal (F.Y. 2012-13) was up by 7.02 percent at Rs. 4,55,125 crore as against Rs. 4,25,274 crore in the same period last fiscal. While gross collection of Corporate Taxes was up 3.71 percent (Rs. 2,96,451 crore against Rs. 2,85,837 crore last year), gross collection of Personal Income Tax was up by 13.81 percent (Rs. 1,57,913 crore against Rs. 1,38,746 crore last year). Net Direct Tax collections stood at Rs.3,90,310 crore, up from Rs. 3,46,959 crore in the same period last fiscal, registering a growth of 12.49 percent.

Growth in Wealth Tax was 2.85 percent (Rs. 685 crore against Rs. 666 crore), while growth in Securities Transaction Tax (STT) -9.99 percent (Rs. 3,731 crore against Rs. 4,145 crore).

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DSM/RS/Ka

Direct tax collections show year-on-year growth, driven by rises in corporate and personal income tax receipts. Net direct tax collections rose year on year for April-January, with gross collections up modestly; corporate tax grew marginally while personal income tax grew more strongly, and Wealth Tax edged up as Securities Transaction Tax declined.