April-September direct tax mop-up rises 10.66% to Rs3,01,250 crore
09 Oct 2013
Gross direct tax collections of the central government increased by 10.66 per cent and stood at Rs3,01,250 crore during April-September of the financial year 2013-14, against Rs2,72,221 crore in the same period last year.
Total corporate tax collection showed an increase of 7.93 per cent and stood at Rs1, 92,308 crore during the first five months of the current financial year against Rs1,78,173 crore during the same period last year.
Gross personal income tax collection has gone up by 16.15 per cent to Rs1,06,231 crore during April-August 2013-14 from Rs91,463 crore during the same period last fiscal year.
Net direct tax collections during April-August 2013-14 have gone up by 10.72 per cent to Rs2, 50,959 crore, from Rs2,26,653 crore in the same period last fiscal.
Collection of securities transaction tax (STT) stood at Rs2,210 crore during the period, showing a growth of 6.45 per cent year-on-year.
Wealth tax collection posted a growth of 5.27 per cent to Rs499 crore during April-August 2013-14 from Rs474 crore in the same period last fiscal year.
The government has set a direct tax collection target of over Rs6,68,000 crore for the current fiscal, envisaging a growth of 19 per cent over the Rs5,65,000 crore collected during the same period in 2012-13.
