Net Direct Tax Collection Grew 12 Percent in April-January in FY 2012-2013
Gross Direct Tax collection from the period of April to January in fiscal year 2012-2013 increased by 7.02 percent.
Gross Direct Tax collection from the period of April to January in fiscal year 2012-2013 increased by 7.02 percent at 455125 crore Rupees against 425274 crore Rupees in same period in 2011-2012 fiscal year.
Gross collection of the corporate taxes increased 3.71 percent, i.e., 296451 crore Rupees in 2012-2013 fiscal year against 285837 crore Rupees in 2011-2012. Gross collection of personal income tax increased by 13.81 percent, i.e., 157913 crore Rupees in 2012-2013 fiscal year against 138746 crore in 2011-2012 fiscal year.
Net Direct Tax collections registered a growth of 12.49 percent, i.e., 390310 crore Rupees in 2012-2013 fiscal year against 346959 crore Rupees in 2011-2012 fiscal year.
2.85 percent growth was recorded in wealth tax. It increased to 685 crore Rupees in 2012-2013 financial year in comparison to 666 crore Rupees in 2011-2012 financial year. Growth in Securities Transaction Tax was on negative side. It recorded a fall of 9.99 percent. It decreased to 3731 crore in 2012-2013 in comparison to 4145 crore Rupees from 2011-2012.