Direct tax collections up 12.7% in April-Sept

PTI Updated - March 12, 2018 at 05:13 PM.

Net direct tax collection rose 12.7 per cent to Rs 2.38 lakh crore in first six months of the ongoing fiscal mainly on account of growth in personal income tax collection.

The net direct tax collection from April 1 to September 17 in the previous fiscal was Rs 2.11 lakh crore.

The Advance Tax collection in the September quarter grew by 9.14 per cent to over Rs 1.14 lakh crore, an official statement said.

As regards the direct tax collection, corporate tax contributed Rs 1.46 lakh crore during the period, showing a growth of 7.97 per cent.

Personal income tax realisation increased by 21.08 per cent to Rs 89,006 crore.

Besides, collection of Securities Transaction Tax (STT) and Wealth Tax stood at Rs 2,210 crore and Rs 309 crore respectively.

In case of Advance Tax for the September quarter, corporate sector contributed Rs 1.03 lakh crore, up 7.97 per cent as compared to an increase of 4.5 per cent during the same period last year.

The top payers of Advance Tax during the quarter were ONGC, SBI, Reliance Industries, Life Insurance Corporation and HDFC Bank.

Published on September 18, 2013 15:30