India's April-October direct tax mop-up rises 17.82 per cent to Rs2,04,351 crore
04 Nov 2010
Net direct tax collections of the government during the first seven months of the current fiscal (ended 31 October 2010) grew 17.82 per cent year-on-year and stood at Rs2,04,351 crore against Rs1,73,447 crore collected during the same period of the previous fiscal (April-October 2009).
Corporate income tax collections grew 22.05 per cent to Rs1,34,251 crore as of 31 October 2010 against Rs1,09,996 crore in the same period of the previous fiscal.
Personal income tax (including STT, and residual FBT / BCTT) collections grew 10.33 per cent to Rs69,722 crore during the first seven months of the current fiscal against Rs63,195 crore collected during the same period in the previous fiscal.
Wealth tax collections grew 18.50 per cent to Rs378 crore as of 31 October 2010 compared with Rs319 crore collected during the same period of the previous fiscal.
Collection of securities transaction tax during the first seven months of the fiscal was, however, negative (-)6.80 per cent at Rs3,602 crore against Rs3,865 crore collected during the same period last fiscal.