New Delhi, Dec 7 (IANS) Led by 22.3 percent surge in corporate income tax mop-up, collection from direct taxes climbed 17.85 percent to Rs.216,628 crore during the first eight months of current fiscal.
Net direct tax collections stood at Rs.216,628 crore during April-November, up from Rs.183,822 crore during the same period last fiscal, registering a growth of 17.85 percent and crossing 50 percent of the budgetary estimate target of Rs.430,000 crore, according official data released Tuesday.
Collections from corporate income tax jumped 22.30 percent to Rs.138,461 crore during the period under review as against Rs.113,210 crore during the corresponding period last year.
Mop-up from personal income tax, including securities transaction tax, residual fringe benefit tax and banking cash transaction tax, rose 10.66 percent to Rs.77,768 crore during the first eight months of fiscal 2010-11 as against Rs.70,278 crore during the same period last year.
Growth of Securities Transaction Tax turned positive for the first time during the fiscal at 0.55 percent at Rs.4,373 crore during the period under review against Rs.4,349 crore during the corresponding period last year.
