Gross Direct Tax Collection During April-January of the Financial Year 2014-15 is up by 11.38 Percent at Rs. 5,78,715 Crore as Against Rs. 5,19,588 Crore During the Same Period Last Year.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New Delhi, 13th February, 2015
PRESS RELEASE
1. Gross direct tax collection during April-January of the Financial Year 2014-15 is up by 11.38 percent at Rs. 5,78,715 crore as against Rs. 5,19,588 crore collected during the same period last year. Gross collection of Corporate tax has shown an increase of 11.04 percent and stood at Rs. 3, 64,665 crore as against Rs. 3, 28,413 crore collected during the same period last year. Gross collection of Personal income tax is up by 11.32 percent and stood at Rs.2, 07,613 crore as against Rs.1, 86,502 crore collected during the same period last year. Securities Transaction Tax (STT) stands at Rs. 5556 crore at a growth of 44.12%. Net direct tax collections are up by 6.21 percent and stand at Rs. 4,74,488 crore, as compared to Rs. 4,46,756 crore in the same period in the last fiscal.
2. Advance tax collection has shown a growth of 13.26% during April-January of the FY 2014-15 as against the growth of 8.71% shown at the same time previous year. Growth in TDS is 7.79% as against 16.65% in the same period last year.
3. The Self-Assessment Tax shows a growth of 22.22% as against 10.94% in the same period last year. The growth in Regular Tax is 17.25% as against 24.14% in the same period last year.
(Rekha Shukla)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT
Is it not the right time to enhance the basic exemption limit to Rs.3 lakhs and 80C deduction to Rs.2 lakhs in the ensuing budget proposals?