Direct tax collection rises over 12% during April-December
While gross corporate taxes collection showed a rise of 9.35%, collection of gross personal income tax was up 18.5%
Mumbai: Gross direct tax collected during April-December of the current fiscal year rose 12.33% to ₹ 4.8 trillion from ₹ 4.3 trillion in the same period last year, according to the finance ministry.
While gross corporate taxes collection showed an increase of 9.35% ( ₹ 3.1 trillion from ₹ 2.8 trillion last year), collection of gross personal income tax rose 18.5% ( ₹ 1.67 trillion as against ₹ 1.41 trillion last year), it said.
“Net direct tax collection is up by 12.53% and stands at ₹ 4,15,328 crore, as compared to ₹ 369,067 crore in the same period in the last fiscal," the Central Board of Direct Taxes said in a statement.
Collection of securities transaction tax (STT) stood at ₹ 3,427 crore, showing a growth of around 4%, while wealth tax rose 11.9% to ₹ 742 crore from ₹ 663 crore last year.
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