Direct-tax mop-up rises by 15% in Q1

Jul 07, 2010 |

New Delhi

The collection of direct taxes during the first quarter of the current fiscal increased by over a full 15 per cent, driven mainly by higher realisation from the corporate sector.
The higher realisation of direct taxes, which mainly include corporate tax and income-tax, went up to Rs 68,675 crore, as against Rs 59,465 crore during the corresponding period last fiscal.

According to the figures released by the finance ministry on Tuesday, the corporate tax collection, which reflects the performance of India Inc, soared 21.65 per cent to Rs 43,439 crore during the reporting period.
But the realisation from personal income tax, STT, banking cash transactions tax etc grew marginally by only 1.24 per cent for April-June. However, the realisation from the securities transaction tax (STT) declined to Rs 1,094 crore, from Rs 1,462 crore in the first quarter of previous fiscal. — PTI

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