Direct Taxes - Good Collections
A CBDT Press release informs that the Gross direct tax collection during April-November of the F.Y. 2013-14 is up by 13.18 percent at Rs.3,68,655crore as against Rs.3,25,736crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 9.66 percent (Rs.2,25,124crore as against Rs. 2,05,291 crore last year), gross collection of Personal income tax is up by 19.60 percent (Rs.1,39,763crore as against Rs. 1,16,862 crore last year). Net direct tax collection is up by 14.60 percent and stands at Rs. 3,10,317 crore, as compared to Rs. 2, 70,771 crore in the same period in the last fiscal.
The collection of Securities Transaction Tax (STT) stands at Rs. 3,053 Crore showing the growth of 4.73 percent. The Wealth Tax has posted a growth of 13.38 percent (Rs. 712 crore against Rs. 628 crore last year).