Income Tax nets 81000 Crores

By Vijay Kumar

Revenue Secretary Chandrasekhar said that Income tax collections comprising both personal and corporate income tax stood at Rs 81,000 crore till September, accounting for 39 per cent of the budget estimate for the entire fiscal. While total revenue collections are growing by 30 per cent, excise duty mop up is rising marginally. On the indirect tax side, service tax and customs duty collections are growing at a good pace. Service tax collections are growing by 30-40 per cent.