Gross Direct Tax collection up by 10.67 per cent

By Newsgram Staff Writer

Gross direct tax collections during April-February of the Financial Year 2014-15 is up by 10.67 per cent at Rs. 6,12,432 crore as against Rs. 5,53,373 crore collected during the same period last year.

Gross direct tax collection of Corporate tax has also shown an increase of 9.99 percent and stood at Rs. 3,79,917 crore as against Rs. 3,45,396 crore collected during the same period last year.

Gross collection of Personal income tax is up by 11.10 percent and stood at Rs.22,53,13 crore as against Rs.2,02,806 crore collected during the same period last year. Securities Transaction Tax (STT) stands at Rs. 6280 crore at a growth of 45.44%. Net direct tax collections are up by 6.88 percent and stand at Rs. 5,06,765 crore, as compared to Rs. 4,74,146 crore in the same period in the last fiscal.

Advance tax collection has shown a growth of 13.41% during April-February of the FY 2014-15 as against the growth of 8.67% shown at the same time previous year. Growth in TDS is 7.49% as against 16.69% in the same period last year.

The Self-Assessment Tax shows a growth of 22.50% as against 9.91% in the same period last year. The growth in Regular Tax is 9.09% as against 29.97 % in the same period last year.