The gross rate of direct tax collection during April-January is hiked by 11.38 per cent at Rs 5,78,715 crore such as the tax has been hiked on Rs. 5,19,588 crore during the same period last year.
Apart from this, the gross rate of Corporate tax is increased by 11.04 per cent on Rs. 3,28,413 crore during the same period last year. Now, after increasing the gross rate of Corporate tax is Rs. 3,64,665.
The gross rate of Personal income tax is growing by 11.32 per cent and stands at Rs.2,07,613 Crore in the respect of Rs.1,86,502 crore collected during the same period last year.
Securities Transaction Tax is noted at Rs.5556 crore at a growth rate of 44.12%.
Net Direct Tax collections increase by 6.21 per cent and stands at Rs 4,74,488, as compared to Rs. 4,46,756 Crore in the same period in the last fiscal.
The Advance tax collection has been increased by 13.26% during April-January of the FY 2014-2015 in comparison of growth of 8.71% shown at the same time previous year. Growth in TDS was 7.79% as against 16.65% in the same period last year.
The Self-Assessment Tax is increased by 22.22 per cent as against to rate 10.94% in the same period last year. The net growth in regular tax was 17.25% as against 24.14% in the same period last year.
Source: http://www.caclubindia.com/news/direct-tax-collection-increases-by-11-38-percent–14689.asp
