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India Releases Latest Revenue Stats

by Mary Swire, Tax-News.com, Hong Kong

10 October 2013


India recorded a year-on-year increase in gross direct tax collection of 10.66 percent for the April-September period.

The gross collection figure stood at INR3.01 trillion (USD48.91bn) at end-September, up on the INR2.72 trillion recorded in the same period in 2012.

Corporate tax has continued to perform well, with the recorded INR923.08bn outstripping last year by 7.93 percent. Income tax was worth INR1.06 trillion to the authorities, an improvement of 16.15 percent. The securities transaction tax brought in INR22.10bn, and the wealth tax INR4.99bn.

Net direct tax collection totaled INR2.51 trillion, an increase of 10.72 percent on the INR2.27 trillion collected in April-September, 2012.

TAGS: Wealth | tax | India | corporation tax | ministry of finance | tax authority | revenue statistics | individual income tax | Tax

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