Direct tax collections up 14% in Apr-Aug

Direct tax collections shot up by 13.91 per cent to Rs 1,00,112 crore in the first five months of the 2010-11 financial year till August, the Finance Ministry said today.

During the corresponding period (April to August) last fiscal, direct tax collections stood at Rs 87,888 crore.

As per data released by the Central Board of Direct Taxes, corporate tax collections grew by 17.05 per cent to Rs 57,750 crore in April-August, 2010, from Rs 49,339 crore in the corresponding five-month period a year ago.

Meanwhile, personal income tax collection — including securities transaction tax, residual fringe benefit tax and banking cash transactions tax — rose by 9.68 per cent to Rs 42,217 crore from Rs 38,491 crore.

The Patna region, comprising Bihar and Jharkhand, led the growth in personal income tax (PIT) collections, registering a 90 per cent jump in PIT.

In comparison, the Lucknow region (UP-East) registered a growth of 70 per cent in PIT, while the Guwahati region (North-East) saw a 48 per cent growth and the North Western region (Chandigarh) witnessed a 42 per cent jump in PIT collections.

Growth in corporate income tax collection was highest in the Bhopal region (MP-Chhattisgarh) at 185 per cent, followed by the Delhi region (at 63 per cent), and the Nagpur and Pune regions (parts of Maharashtra) at 61 per cent and 52 per cent, respectively.

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