Gross direct tax collections go up in 2014-15 fiscal

Pune: Gross direct tax collection during April-December of the Financial Year 2014-15 is up by 12.93% at Rs 5,46,661 crore as against Rs 4,84,063 crore collected during the same period last year. Gross collection of corporate tax has shown an increase of 12.79% and stood at Rs 3,50,494 crore as against Rs 3,10,754 crore collected during the same period last year. Gross collection of personal income tax is up by 12.62% and stood at Rs 1,90,391 crore as against Rs 1,69,059 crore collected during the same period last year. Securities Transaction Tax (STT) stands at Rs 4940 crore at a growth of 43.44%. Net direct tax collections are up by 7.41% and stand at Rs 4,48,401 crore, as compared to Rs 4,17,477 crore in the same period in the last fiscal.

Advance tax collection has shown a growth of 13.15% during April-December of the FY 2014-15 as against the growth of 8.76% shown at the same time previous year. Growth in TDS is 7.84% as against 16.73% in the same period last year.

The Self-Assessment Tax shows a growth of 22.20% as against 11.86% in the same period last year. The growth in Regular Tax is 33.03% as against 15.60% in the same period last year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.