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Net direct tax collection up 8.63% at over Rs 2.35 lakh cr

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:22 AM IST

The net direct tax collection jumped 8.63% to Rs 2,35,333 crore during the first eight months of this fiscal.

It stood at Rs 2,16,628 crore in the same period of the previous fiscal.

"We have (thus) achieved 44% of the Budget estimate," a senior finance ministry official told PTI.

The gross direct tax collections for the April-November period registered a growth of 19.56% at Rs 3,04,002 crore. The figure was Rs 2,54,268 crore in the same period of the previous fiscal.

The income tax department provided refunds to the tune of Rs 68,669 crore during the period, as against Rs 37,640 crore in the corresponding period last year, the official said.

The gross corporate tax collection was up 19.61% at Rs 1,99,317 crore during April-November against Rs 1,66,638 crore in the same period last year.

The gross personal income tax collection was up 19.44% at Rs 1,04,176 crore.

The net corporate income tax in April-November was higher by 5.65%, touching Rs 1,46,279 crore as against Rs 1,38,461 crore in the same period last year.

Similarly, net personal income tax was up 14% at Rs 88,567 crore, the official added.

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