Apr-Aug direct tax receipts up 4.1% y-o-y: govt

Apr-Aug direct tax receipts up 4.1% y-o-y: govt

New Delhi: India’s direct tax receipts between April and August were up 4.1% at Rs878.88 billion, the finance ministry said in a statement on Thursday.

Corporate tax collections were up 1.84% at Rs493.39 billion in the first five months of 2009-10, while income tax receipts were up 7.4% at Rs384.91 billion.

Last month, the finance ministry had revised upwards its direct tax receipt target to Rs4 trillion from 3.7 trillion estimated in the July Budget.

Close