Direct tax kitty up 13% in FY12 Direct tax kitty up 13% in FY12 Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Direct Tax »

Open DEMAT Account in 24 hrs
Govt kicks off direct tax code revision
ITR 2024 25 Check tax department s update on TDS and refunds
Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains
Income tax exemption: 4 financial instruments you can still invest into before March 31
CBDT drops small tax demands but not TCS, TDS claims
ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount
Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?
Average tax return processing time cut to 10 days: CBDT
7 types of Income Tax Notice ITR filers may receive for AY 2023-24
ITR filing: Do these advance preparations before filing your income tax return
What are the strategies to maximize tax refunds after submitting an income tax return (ITR)?


« Net direct tax collection up 172% in April-May...	Organisational Structure of the Central Board of Direct... »
Direct tax kitty up 13% in FY12

June, 07th 2012
India's gross direct tax collection rose by 13.02% to Rs 5, 90,077 crore in the last fiscal, the Central Board of Direct Taxes (CBDT) said on Wednesday. The collection was Rs 5, 22,104 crore in 2010-11. The net collection (after refunds) was Rs 4, 94,799 crore in the last fiscal, up 10.71% from Rs 4, 46,935 crore in the previous fiscal. According to CBDT, gross collection of corporate taxes was Rs 3, 96,208 crore in the last fiscal, up 11.52 per cent over the previous fiscal's Rs 3, 55,267 crore. Gross revenue from personal income tax was up by 16.20% to Rs 1, 93,042 crore in 2011-12. It was Rs 1, 66,130 crore in fiscal 2010-11. The CBDT said growth in wealth tax was 14.56% at Rs 787 crore as against Rs 687 crore in 2010-11. However, the collection in form of securities transaction tax declined by 21% to Rs 5,656 crore last fiscal. It was Rs 7,155 crore in 2010-11.