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Tax Collection Figures from Q1-Q3 2012 up by 14%

Net Direct Tax Collections Figures for April-December 2012-13 Up by 13.70 Percent at Rs. 3,68,322 Crore as Against Rs. 3,23,956 Crore in the Same Period Last Year

Gross Direct Tax collections during April-December of the Financial Year 2012-13 was up by 8.01 percent and stood at Rs. 4,28,278 crore as against Rs. 3,96,530 crore in the same period last year. While gross collections of Corporate Taxes showed an increase of 4.94 percent and stood at Rs. 2,83,170 crore as against Rs. 2,69,850 crore during the same period last year. Gross collections of Personal Income Tax was up by 14.57 percent and stood at Rs.1,44,376 crore as against Rs.1,26,012 crore during the same period last year.

Net Direct Tax collections was up by 13.70 percent and stood at Rs. 3,68,322 crore, as compared to Rs. 3,23,956 crore in the same period in the last fiscal.

Growth in net collection of Wealth Tax was 1.55 percent and stood at Rs.656 crore as against Rs.646 crore during the same period last year, while growth in Securities Transaction Tax (STT) was (-) 12.46 percent and stood at Rs.3,294 crore as against Rs.3,763 crore during the same period last year.

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eMinds Legal

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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