NET DIRECT TAX COLLECTIONS DURING APRIL, 2010 TO FEBRUARY, 2011
PRESS RELEASE NO.402/92/2006-MC (06 OF 2011), DATED 9-3-2011
Net direct tax collections during the period April-February 2011 stood at Rs.3,36,177 crore, up from Rs.2,78,411 crore in the same period last fiscal, registering a growth of 20.75 percent.
Growth in Corporate Income Tax was 24.01 percent (Rs.2,23,612 crore as against Rs.1,80,318 crore), while Personal Income Tax (including STT, and residual FBT / BCTT) grew at 14.76 percent (Rs.1,12,114 crore as against Rs.97,692 crore). Growth of Securities Transaction Tax was 1.72 percent (Rs.6,078 crore against Rs.5,975 crore).
The net direct tax collections have reached 75.38 percent of the revised estimates (RE) target of Rs.4,46,000 crore, despite much higher refunds at Rs.59,602 crore as against Rs.41,741 crore with an increase of 42.79 percent.