Direct tax collection up 11.58 % in Apr-Oct at Rs3,37,907 crore
07 Nov 2013
Gross direct tax collections of the central government during the first seven months of the current financial year (April-October 2013-14) increased by 11.58 per cent to Rs3,37,907 crore, against Rs3,02,844 crore in the same period last year.
Collection of corporate taxes during the period has shown an increase of 8.23 per cent year-on-year at Rs2, 09,622 crore against Rs1,93,679 crore in the same period last year.
Gross collection of personal income tax has gone up by 17.89 per cent and stood at Rs1,25,078 crore against Rs1,06,097 crore in the same period last year.
Net direct tax collections has gone up by 13.33 per cent to Rs2,84,339 crore, compared to Rs2, 50,900 crore in the same period in the last fiscal.
Collection of securities transaction tax (STT) showed a growth of 5.67 per cent at Rs2,645 crore, compared with STT collections in the same period of the last fiscal.
Wealth tax collections posted a growth of 5.86 per cent at Rs560 crore, against Rs529 crore in the same period last year.
The government has fixed direct tax collection target of over Rs6,68,000 crore for 2013-14, envisaging a growth of 19 per cent, as against Rs5,65,000 crore in 2012-13.
