Tax Collection

As per the press release issued by the Government of India the gross direct tax collection during April-November of the financial year  2013-14 is at Rs.3,68,655 crores as against Rs.3,25,736 crores in the same period last year, up by 13.18%. While gross collection of Corporate taxes has increased by 9.66%  (Rs.2,25,124 crores as against Rs. 2,05,291 crores last year), gross collection of Personal income tax is up by 19.60% (Rs.1,39,763 crores as against Rs. 1,16,862 crores last year). Net direct tax collection is up by 14.60% and stands at Rs.3,10,317 crores, as compared to Rs. 2, 70,771 crores in the same period in the last fiscal.The collection of Securities Transaction Tax (STT) stands at Rs. 3,053 crores showing the growth of 4.73% . The Wealth Tax collection is up by 13.38% (Rs. 712 crores against Rs. 628 crores last year).