Direct tax collection up 14 percent in April-August period

New Delhi, Sep 5 : Gross direct tax collections increased 14.43 percent to Rs.1,88,193 crore in the first five months of the current financial year, government data showed Thursday.

Gross collection of personal income tax jumped by 18.91 percent to Rs.78,187 crore in April-August period of the current financial year as compared to Rs.65,752 crore recorded in the corresponding period last year, data released by the finance ministry showed.

Gross collection of corporate taxes increased by a sluggish 11.72 percent to Rs.1,08,075 crore during the period under review.

Net direct tax collections stood at Rs.1,43,138 crore in April-August period of 2013-14 as compared to Rs.1,24,019 crore recorded in the same period of last fiscal, showing an increase of 15.42 percent.

Differences in gross and net collections are due to tax refunds.

The collection of Securities Transaction Tax (STT) was recorded at Rs.1,649 crore. Wealth tax grew jumped by 24.44 percent to Rs.280 crore during the period under review.

--IANS (Posted on 05-09-2013)

business-india-news headlines

RIL raises $550 mn from Japanese banks

OPEC daily basket price closes lower

Rupee slips below 61 against the dollar

Minawala opens store in Mumbai

Motorola appoints Amit Boni to General Manager of India

RIL signs loan co-financed by JBIC

Sensex hits record high for third straight day

Franklin Templeton Investments to launch new fund scheme

Micromax launches Canvas Doodle 3

IFC focus on e-payment systems

Toyota India resumes operations as workers return

Tata Elxsi net zooms 239 percent in fiscal 2013-14

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top