Direct Tax collection goes up by 15 percent

Last updated: 08 October 2014

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Gross Direct Taxes Collections during April-September of the Current Financial Year 2014-15 is up by 15.00 percent and stood at Rs. 3,46,144 crore as against Rs. 3,01,063 crore Collected during the same Period Last Year

Gross Direct Taxes collections during April-September of the current Financial Year 2014-15 is up by 15.00 percent and stood at Rs.3,46,144 crore as against Rs. 3,01,063 crore collected during the same period last year. Gross collections of Corporate Tax has shown an increase of 15.31 percent and stood at Rs.2,22,616 crore as against Rs. 1,93,054 crore collected during the same period last year. Gross collection of Personal Income Tax, including STT and Wealth Tax, is up by 14.37 percent and stood at Rs. 1,23,528 crore as against Rs. 1,08,009 crore collected during the same period last year. Securities Transaction Tax (STT) stands at Rs. 3223 crore at a growth of 45.83%. Net Direct Tax collections is up by 7.09 percent and stands at Rs. 2,68,836 crore, as compared to Rs. 2,51,028 crore during the same period in the last fiscal.

Advance tax collections have shown a growth of 15.28% during the first half of the year as against the growth of 7.66% shown at the same time previous year. Growth in Tax Deduction at Source(TDS) is 9.47% as against 14.22% in the same period last year.

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