Direct tax collection falls in Aug

A huge fall in direct tax collection — both personal income tax and corporation tax — in August has come as a 

surprise. 

Within direct tax collections, corporation tax mop up declined to Rs 9,634 crore in August, down almost 40 per cent from Rs 16,046 crore in July, according to data issued by the Controller General of Accounts. Compared to August 2016, it was down 28 per cent, from Rs 13,403 crore.

Similarly, personal income tax more than halved to Rs 15,392 crore, from Rs 32,631 crore in July. Year-on-year, the decline was 17 per cent, from Rs 18,084 crore.