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 Industry & Economy - Taxation


Direct tax collections up 35.4 per cent in first half

Our Bureau

New Delhi , Oct. 8

THE Centre's net direct tax collections have registered a 35.4 per cent increase in the first six months of the current fiscal to Rs 44,800 crore on the back of an impressive performance on the personal income tax front.

The collection performance in the first half of the current fiscal represents 32.15 per cent of the budget estimate of Rs 1,39,365 crore for direct taxes in 2004-05.

While income tax collections stood at Rs 24,700 crore (up by 74 per cent), the corporate tax collection during the first six months of the current fiscal was Rs 20,100 crore (about Rs 19,000 crore during April-September 2003).

Excise and customs duty collections registered a 9.5 per cent increase to Rs 69,611 crore against Rs 63,576 crore in the same period last year.

While the excise mop-up for the period under review stood at Rs 44,463 crore (Rs 40,409 crore), customs collections stood at Rs 25,148 crore (Rs 23,167 crore).

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