Direct tax kitty up 3.9%

Corporate tax collections grew by 4.59 per cent to Rs 1,09,996 crore in April-October. Personal income tax mop-up was up by only 2.87 per cent at Rs 63,195 crore in the period. Tax collections were marginally better at Rs 20,822 crore in October than Rs 19,808 crore in the same month last year, CBDT said.

Net collections continued to be positive at Rs 20,822 crore in October compared to Rs 19,708 crore during same month last year. Personal income tax growth was 16.1 per cent at Rs 11,398 crore in October. Tax collections from corporate India recorded negative growth of 4.72 per cent at Rs 9,424 crore in October against Rs 9,891 crore last fiscal.

Comments (+)