Direct Tax Collections During Financial Year 2011-12 Up by 13.02 Percent at Rs. 5,90,077 Crore as Against Rs 5,22,104 Crore During Financial Year 2010-11Online GST Certification Course by TaxGuru & MSME- Click here to Join
Gross direct tax collections during April-March of the F.Y. 2011-12 was up by 13.02 percent and stood at Rs.5,90,077 crore as against Rs.5,22,104 crore in the same period in F.Y.2010-11. While gross collection of corporate taxes was up by 11.52 percent. The gross collections on this account stood at Rs.3,96,208 crore as against Rs.3,55,267 crore during the F.Y. 2010-11. The Gross Collection on account of personal income tax was up by 16.20 percent and stood at Rs.1,93,042 crore as against Rs.1,66,130 crore in F.Y. 2010-11. Net direct tax collections during the F.Y. 2011-12 stood at Rs.4,94,799 crore, up from Rs.4,46,935 crore in the same period in F.Y.2010-11, registering a growth of 10.71 percent.
Growth in wealth tax was 14.56 percent. The Gross Collections on this account stood at Rs.787 crore as against Rs.687 crore in the same period during the F.Y.2010-11. Growth in Securities Transaction Tax (STT) was -20.95 percent. The Gross Collections on this account stood at Rs.5,656 crore as against Rs.7,155 crore in the same period during the F.Y.2010-11.