empty
 
 

2010.07.0702:49:00UTC+00Net Direct Tax Collection Up By 15% In Q1

India's net direct tax kitty for the first quarter of the current fiscal swelled by 15.49% to Rs.68,675 crore, up from the Rs.59,465 crore in the year-ago quarter. Collection in Corporate Taxes grew by 21.65% to Rs.43,439 crore as against the Rs.35,709 crore in the same quarter last year. That of Personal Income Tax that includes STT, BCTT and residual FBT, was up by 1.24% at Rs.24,075 crore from the earlier Rs.23,780 crore.

The collection of corporate advance tax for the first quarter soared by 31.4% to Rs.26,876 crore compared to the Rs.20,456 crore in the corresponding quarter last year. It was the fastest growth that the country witnessed since 2005.

However, collection under Securities Transaction Tax (STT) was down by 25.21% in the first quarter at Rs.1,094 crore from the Rs.1,462 crore in the same period last year.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback