APN News

Direct tax collections up 20.37% during April-January

The government has collected 3,17,501 crore rupees from direct taxes during the period from April to January of the current fiscal registering a growth of 20.37 per cent as compared to the same period in the last fiscal.

The direct tax collection in the last fiscal during the period was 2,63,765 crore rupees. An official release says, Corporate income tax stood at 2,16,872 crore rupees which is up by 24.78 per cent compared to the previous period.

The personal income tax grew by 11.87 per cent to 1,00,191 crore rupees during this ten-month period. The release said that direct tax collection is buoyant despite higher tax refunds, which stood at 53,688 crore rupees as against 38,721 crore rupees registering a growth of 38.65 percent.

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