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The Centre’s net direct tax collections grew 10.37 per cent in April-July at Rs 1,16,645 crore (Rs 1,05,684 crore).
This growth rate is, however, much lower than the 34 per cent year-on-year increase in the same period last year. This big jump was aided by much lower refund outgo.
The collection performance on gross basis was much better this year with growth rate of 13.27 per cent during April-July to Rs 1, 57,169 crore (Rs 1,38,751 crore).
Gross direct tax collections had recorded a paltry 4.68 per cent in the same period last year.
Meanwhile, gross corporate tax collections recorded 9.75 per cent increase during April-July 2013 to Rs 92,115 crore (Rs 83,932 crore), an official release said.
Corporate tax collections had declined in the same period last fiscal.
For April-July 2013, the gross personal income-tax collections was up by 19.32 per cent to Rs 63,583 crore (Rs 53,289 crore).
Securities transaction tax collections during April-July 2013 stood at Rs 1,207 crore.
Wealth tax collections registered 38.62 per cent increase to Rs 201 crore (Rs 145 crore).
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