Net direct tax collection for the period April to August is increased by 28.15% compared to April to August period of 2011. Gross direct tax collection was also by by 6.51% to 164413 crore compare to 154631 crore for the period April to August 2012 and 2011 respectively.
While gross collection of Corporate Taxes showed an increase of 0.15 per cent and stood at Rs.96,738 crore during the same period as against Rs. 96,597 crore last year. Gross collection of Personal Income tax was up by 17.09 per cent at Rs.67,420 crore as against Rs. 57.582 crore in the same period last year. Net Direct Tax Collections was up by 28.15 per cent and stood at Rs. 1,23,969 crore, as compared to Rs. 96,738 crore in the same period in the last fiscal.
Growth in Wealth Tax was 40.63 per cent and stood at Rs.225 crore as against Rs.160 crore in the same period last year. Growth in Securities Transaction Tax (STT) was (-) 14.94 per cent at Rs.1719 crore as against Rs.2021 crore during the same period last year.