GROSS DIRECT TAX COLLECTIONS DURING APRIL – OCTOBER, 2011
PRESS RELEASE NO. 402/92/2006-MC (28 OF 2011), DATED 4-11-2011
Gross direct tax collection during April-October of the current fiscal was up by 20.28 per cent at Rs. 284,081 crore as against Rs. 236,176 crore in the same period last fiscal. While gross collection of corporate taxes was up 20.35 per cent (Rs. 189,872 crore against Rs. 157,767 crore last year), gross collection of personal income-tax was up by 20.17 per cent (Rs. 93,769 crore against Rs. 78,029 crore last year). Net direct tax collections stood at Rs. 218,850 crore, up from Rs. 204,347 crore in the same period last fiscal, registering a growth of 7.10 per cent.
Growth in wealth tax was 10.6 per cent (Rs. 418 crore against Rs. 378 crore) while for securities transaction tax (STT) it was -17.9 per cent (Rs. 2,958 crore against Rs. 3,602 crore).