Gross Direct Tax Collections up 12.93% to Rs 546661 crore in April-Dec 2014

Advance tax collection has shown a growth of 13.15% in April-December 2014

Gross direct tax collection during April-December of the Financial Year 2014-15 is up by 12.93% at Rs 5,46,661 crore as against Rs 4,84,063 crore collected during the same period last year.

Gross collection of Corporate tax has shown an increase of 12.79% and stood at Rs 3,50,494 crore as against Rs 3,10,754 crore collected during the same period last year.

Gross collection of Personal income tax is up by 12.62% and stood at Rs 1,90,391 crore as against Rs 1,69,059 crore collected during the same period last year.

Securities Transaction Tax (STT) stands at Rs 4940 crore at a growth of 43.44%.

Net direct tax collections are up by 7.41% and stand at Rs 4,48,401 crore, as compared to Rs 4,17,477 crore in the same period in the last fiscal.

of the FY 2014-15 as against the growth of 8.76% shown at the same time previous year. Growth in TDS is 7.84% as against 16.73% in the same period last year.

The Self-Assessment Tax shows a growth of 22.20% as against 11.86% in the same period last year. The growth in Regular Tax is 33.03% as against 15.60% in the same period last year.

Powered by Capital Market - Live News