Gross Direct Tax Collection rises 10.7% in April-February 2014-15

Advance tax collection has shown a growth of 13.41% in April-February 2014-15

Gross direct tax collections has increased 10.67% at Rs 6,12,432 crore in April-February 2014-15, as against Rs 5,53,373 crore collected during the same period last year.

Gross direct tax collection of Corporate tax has shown an increase of 9.99% 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% and stood at Rs 2,25,313 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% 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.

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