Direct tax collections up 12.93% at Rs5,46,661 crore in April-December

Gross direct tax collection of the central government rose 12.93 per cent to Rs5,46,661 crore during the first nine months (April-December) of the financial year 2014-15, against Rs4,84,063 crore collected during the same period last year.

Gross collection of corporate tax during the quarter has shown an increase of 12.79 per cent at Rs3,50,494 crore against Rs3,10,754 crore during the previous year quarter.

Personal income tax collection rose 12.62 per cent at Rs1,90,391 crore against Rs1,69,059 crore collected during the comparable period last year.

Securities transaction tax (STT) stood at Rs4,940 crore at a growth of 43.44 per cent. Net direct tax collections are up by 7.41 per cent and stand at Rs. 4,48,401 crore, as compared to Rs. 4,17,477 crore in the same period in the last fiscal.

Advance tax collection has shown a growth of 13.15 per cent during April-December of the 2014-15 fiscal against a growth of 8.76 per cent during the same period in the previous year.

TDS collection rose 7.84 per cent against 16.73 per cent in the same period last year.

Self-assessment tax showed a growth of 22.20 per cent as against 11.86 per cent in the same period last year.

The growth in regular tax receipt was higher at 33.03 per cent against 15.60 per cent in the same period last year.