Gross direct taxes collection rises 15% in April-September FY2014-15

Advance tax collections shows accelerated pace of growth at 15.28% in April-September 2014

Gross Direct Taxes collections has shown an increase of 15% to Rs 346144 crore in April-September FY2015, as against Rs 301063 crore collected during the same period last year.

Gross collections of Corporate Tax has shown an increase of 15.31% to Rs 222616 crore as against Rs 193054 crore collected during the same period last year.

Gross collection of Personal Income Tax, including STT and Wealth Tax, is up by 14.37% to Rs 123528 crore as against Rs 108009 crore collected during the same period last year.

Securities Transaction Tax (STT) stands at Rs 3223 crore, while posted a strong growth of 45.83%.

Net Direct Tax collections is up by 7.09% to Rs 268836 crore, as compared to Rs 251028 crore during the same period in the last fiscal.

Advance tax collections have shown a growth of 15.28% during the first half of the year as against the growth of 7.66% shown at the same time previous year. Growth in Tax Deduction at Source (TDS) is 9.47% as against 14.22% in the same period last year.

Powered by Capital Market - Live News