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Direct tax collections up 38.6% in Q1

Direct tax collections up 38.6% in Q1
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First Published: Fri, Jul 04 2008. 02 25 PM IST
Updated: Fri, Jul 04 2008. 02 25 PM IST
PTI
New Delhi: Belying fears of slowdown in economic growth affecting government revenue, direct tax collections have grown 38.6% to Rs57,373 crore in the first quarter this fiscal.
“Corporate tax collections rose 32.65% to Rs34,566 crore for April-June period this fiscal, against Rs26,058 crore during the corresponding period last fiscal,” a Finance Ministry official said.
He said personal income tax collections witnessed a growth of 48.84% and stood at Rs22,782 crore during the quarter, against Rs15,306 crore during same period in the previous fiscal.
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First Published: Fri, Jul 04 2008. 02 25 PM IST