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Direct tax collection up 5.8% in April-March
June, 06th 2009
Indias direct tax collection in the first two months of the current fiscal rose only 5.8% year-on-year to Rs24,158 crore from Rs22,840 crore a year ago on higher refunds and a slowdown in the economy.

Corporate tax collection in April-May was Rs8,578 crore, up 5.6%, from Rs8,126 crore in the same period last year, while income-tax collection grew 5.9% year-on-year to Rs15,559 crore.

Within income tax, securities transaction tax collection fell 24.8% to Rs795 crore and fringe benefit tax declined 5.6% to Rs103 crore.
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