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Business News/ Politics / Policy/  Direct tax collection rises over 12% during April-December
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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%

Collection of securities transaction tax 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. Photo: Pradeep Gaur/MintPremium
Collection of securities transaction tax 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. Photo: Pradeep Gaur/Mint

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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Published: 06 Jan 2014, 01:49 PM IST
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