Direct tax receipts up 43% until 21 June

Direct tax receipts up 43% until 21 June
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First Published: Wed, Jun 25 2008. 01 14 PM IST
Updated: Wed, Jun 25 2008. 01 14 PM IST
Reuters
New Delhi: India’s direct tax receipts were up 43.45% to Rs494.11 billion until 21 June, on the back of a higher advance tax payments by corporates, the finance ministry said.
Collection from corporate tax were Rs306.55 billion, up 39.81% from a year-ago, while income tax receipts were up 49.8% to Rs187.56 billion, it said in a statement.
“The advance tax payments by top companies have shown a healthy growth. The highest contribution has come from ONGC followed by SBI and SAIL, indicating that the growth is visible in almost all sectors of economy,” the ministry said.
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First Published: Wed, Jun 25 2008. 01 14 PM IST
More Topics: India | Direct Tax | Advance Tax | ONGC | SBI |