India's April-Aug net direct tax receipts up 13.91 per cent

India's net direct tax collection rose 13.91 per cent year-on-year in the first five months of the current fiscal (April-August 2010) to Rs1,00,112 crore from Rs87,888 crore in the same period last fiscal, a government statement said today.

Corporate tax collection during the period rose 17.05 per cent and stood at Rs57,750 crore as against Rs49,339 crore in the year-ago period, it said.

Personal income tax (including STT, and residual FBT and BCTT) grew 9.68 per cent to Rs42,217 crore from Rs38,491 crore in the year-ago period.

Growth of personal income tax was highest in Patna region (Bihar and Jharkhand) at 90.16 per cent, followed by Lucknow region (UP-East) at 69.56 per cent, Guwahati region (North-East) at 47.78 per cent and North Western Region (Chandigarh) at 41.73 per cent.

Corporate income tax recorded the highest growth in Bhopal region (MP-Chhattisgarh) at 185.25 per cent, followed by Delhi region at 62.62 per cent, and Nagpur and Pune regions (parts of Maharashtra) at 60.71 per cent and 51.85 per cent, respectively, the release added.