merisarkar news service.
New Delhi, October 07, 2009
Govt of India has reported 3.69 per cent increase in direct tax collections in first six months of this fiscal. Direct tax stood at Rs.1,52,625 crore, up from Rs.1,47,197 crore in the same period last fiscal.
Central government collected Rs. 1,00,572 crore as Corporate Tax during this period a 5.5 jump over the figure Rs.95,283 crore during the same period last year.
However, only marginal growth was witnessed in the collection of Personal Income Tax. It�s collection stood Rs.51,897 crore as against Rs.51,700 crore in the same period last year. An increase of 0.38 per cent only.
Finance Ministry said, “Lower growth in net collection was mainly on account of higher tax refund outgo of 51.1 percent at Rs.28,281 crore as against Rs.18,717 crore last fiscal.”
Net collections during the month of September 2009 continued to be positive at Rs.64,737 crore compared to Rs.62,788 crore during September 2008.