For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

India's Gross Direct tax collection up 11.5% during Q1 FY'14

By Religare
India's Gross Direct tax collection up 11.5% during Q1 FY'14
India's gross direct tax collection during the first quarter of current fiscal rose 11.5 per cent at Rs 123,993 crore, said the data released by Ministry of Finance on Tuesday.

The government had mopped up Rs 111,183 crore during the corresponding quarter of previous fiscal.

The data showed that collection of corporate taxes increased 7.8 per cent to Rs 76,115 crore during Q1 FY'14 from Rs 70,594 crore during the year ago period.

Gross collection of personal income tax also increased by 18.53 per cent to Rs 46,903 crore as against Rs 39,569 crore last year, the data said. Net direct tax collection has increased by 6.44 per cent at Rs 89,705 crore, as compared to Rs 84,274 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stood at Rs 926 crore during the quarter while the Wealth Tax has posted a growth of 50 per cent at Rs 48 crore against Rs 32 crore last year.

Read more about: taxes
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more