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Direct Tax Collections for August Quarter up by 14.43%

Gross direct tax collections during April-August of the Financial Year 2013-14 is up by 14.43 percent at Rs.1,88,193 crore as against Rs. 1,64,463 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 11.72 percent and stood at Rs. 1,08,075 crore as against Rs. 96,738 crore in the same period last year. Gross collection of Personal income tax is up by 18.91 percent and stood at Rs. 78,187 crore as against Rs.65,752 crore during the same period last year. Net direct tax collections is up by 15.42 percent and stands at Rs.1,43,138 crore, as compared to Rs. 1,24,019 crore in the same period in the last fiscal.

The collection of Securities Transaction Tax (STT) stands at Rs. 1649 Crores. The Wealth Tax has posted a growth of 24.44 percent and stood at Rs. 280 crore as against Rs. 225 crore in the same period last year.

Tags: Corporate taxDirect taxFiscal yearIncome taxPercentageRupeeSTTWealth tax

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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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