Direct tax kitty grows 4% in Apr-Sept

Press Trust of India
Posted: Friday, Nov 06, 2009 at 0000 hrs IST
Updated: Friday, Nov 06, 2009 at 0000 hrs IST

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New Delhi: Direct tax collections grew by 3.92% to Rs 1,73,447 crore for the first seven months of current fiscal, around Rs 2 lakh crore short of the target for the mop-up this financial year. The net direct tax collections for the period are lower due to higher tax refunds given by the government which grew by about about 64% to Rs 33,137 crore compared to last year, the Central Board of Direct Taxes said in a statement. Corporate tax collections grew by 4.59% to Rs 1,09,996 crore in April-October. In the personal income tax segment, the mop-up was up by only 2.87% at Rs 63,195 crore in the period.

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