Direct Tax Collections Increase 15.49% during First Quarter - Corporate Taxes Register a Growth of 21.65%

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....irect Tax Collections Increase 15.49% during First Quarter - Corporate Taxes Register a Growth of 21.65% <br>News and Press Release<br>Dated:- 8-7-2010<br><BR>Net direct tax collections during first q....

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....uarter of the present fiscal (up to June 2010) stood at Rs.68,675 crore, up from Rs.59,465 crore in the same period last fiscal, registering a growth of 15.49 percent. Growth in Corporate Taxes was 21....

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.....65 percent (Rs.43,439 crore as against Rs.35,709 crore), while Personal Income Tax (including STT, and residual FBT and BCTT) grew at 1.24 percent (Rs.24,075 crore as against Rs.23,780 crore). Corp....

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....orate advance tax for the first quarter, at Rs.26,876 crore in FY 2010-11 against Rs.20,456 crore in FY 2009-10, grew at 31.4 percent, fastest since 2005. The corresponding growth in corporate advance....

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.... tax stood at -3.4%, 25.1%, 30% and 26.9% for FY 2008-09, 2007-08, 2006-07 and 2005-06, respectively. Securities Transaction Tax, however, recorded a negative growth at 25.21 percent during the firs....

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....t quarter (Rs.1,094 crore in FY 2010-11 as against Rs1,462 crore in FY 2009-10). BY/KP/GN-216/10<BR> News - Press release - PIB....