Direct Tax Mopup Rises 13.27 % in April-July 2013..!

Gross direct tax collections rose 13.27% to.1.57 lakh crore in the April - July 2013 period. The collections had totalled Rs. 1.38 lakh crore in the corresponding period of the previous fiscal year.

Gross collection of corporate taxes increased 9.75 % to Rs. .92,115 crore in April-July from.Rs. 83,932 crore a year earlier, the Finance Ministry said on Wednesday.

Gross collection of personal income tax was up 19.32 % to Rs. 63,583 crore in the first 4 months of the fiscal compared with Rs. 53,289 crore in the period a year ago.

Net direct tax collections rose 10.37 % to Rs. 1,16,645 crore during Apri l- July as against Rs. 1,05,684 crore year-on-year, according to the statement.

Securities Transaction Tax (STT) mop-up stands at Rs.1,267 crore. Wealth tax collection posted a growth of 38.62 % to Rs. 201 crore from Rs.145 crore.The central government has fixed a direct tax collection target of over Rs. 6.68 lakh crore for the current fiscal, a growth of 19 % from Rs. 5.65 lakh crore in the previous fiscal.

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