Income tax collections for the 1 quarter of 2011, that is april-june is increased by 23.91 % to 104136 crore rupees. These figure are of gross collection of the income tax department.
Gross direct tax collections during the first quarter of the current fiscal (April - June
2011) were up by 23.91 percent at Rs.104,136 crore as against Rs.84,041 crore. While gross
collection of corporate taxes was up 23.49 percent (Rs.68,223 crore against Rs.55,244 crore
last year), gross collection of personal income tax was up by 24.63 percent (Rs.35,859 crore
against Rs.28,772 crore last year).
Net collections, however, stood at Rs.57,268 crore, down from Rs.68,675 crore in the
same period last fiscal on account of an increase of 205.01 percent in tax refunds, which
stood at Rs.46,868 crore as against Rs.15,366 crore last fiscal.
Tags-income tax collection,income tax collection for quarter 1 2011,income tax receipts of 2011