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
th
November, 2011
PRESS RELEASE
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)
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