• Breaking News


    Nov 8, 2011

    Income tax gross collection up by 20% for April to October

    Income tax gross direct collection was up by 20.28% for the April to October. Income tax updates the direct collection of income tax figure with a CBDT press release. Full notification is as under.

    No.402/92/2006-MC (28 of 2011)
    Government of India / Ministry of Finance
    Department of Revenue
    Central Board of Direct Taxes
    New Delhi, dated the 4
    November, 2011
    Gross direct tax collection during April-October of the current fiscal was up by 20.28
    percent at Rs.284,081 crore as against Rs.236,176 crore in the same period last fiscal. While 
    gross collection of corporate taxes was up 20.35 percent (Rs.189,872 crore against 
    Rs.157,767 crore last year), gross collection of personal income tax was up by 20.17 percent 
    (Rs.93,769 crore against Rs.78,029 crore last year). Net direct tax collections stood at 
    Rs.218,850 crore, up from Rs.204,347 crore in the same period last fiscal, registering a 
    growth of 7.10 percent. 
    Growth in wealth tax was 10.6 percent (Rs.418 crore against Rs.378 crore) while for 
    securities transaction tax (STT) it was -17.9 percent (Rs.2,958 crore against Rs.3,602 crore)