Gross Direct Tax Collections during April-January rises by 11.38%

Gross direct tax collection during April-January of the Financial Year 2014-15 is up by 11.38% 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% 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% 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% and stand at Rs. 4,74,488 crore, as compared to Rs. 4,46,756 crore in the same period in the last fiscal. 

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. 

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.