Direct tax collection rises 12.33% in April-December 2013-14

The government's gross direct tax collections during April-December of the current financial year (2013-14) rose 12.33 per cent to Rs4,81,914 crore, against Rs4,29,023 crore collected during the comparable period last financial year.

India's gross direct tax collections during April-December 2012-13 totalled Rs4,29,000 crore.

Gross collection of corporate taxes have shown an increase of 9.35 per cent at Rs3,10,126 crore against Rs2,83,605 crore during the same period in last year.

Gross collection of personal income tax has gone up by 18.53 per cent to Rs1,67,589 crore, against Rs1,41,385 crore during the same period last year.

Net direct tax collection has gone up by 12.53 per cent to Rs4,15,328 crore, compared to Rs3,69,067 crore in the same period in the last fiscal.

Collection of securities transaction tax (STT) stood at Rs3,427 crore, showing a growth of 4.04 per cent. While wealth tax collection has posted a growth of 11.92 per cent rising to Rs742 crore from Rs663 crore during the April-December 2013-14 period.

The government has set a direct tax collection target of over Rs6,68,000 crore for 2013-14, envisaging a growth of 19 per cent from Rs5,65,000 crore in 2012-13.

Finance minister P Chidambaram is egging on chief commissioners handling both direct and indirect taxes to take stock of the revenue mop-up.