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Latest Indian Revenue Results Released

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

08 August 2013


India's gross direct tax collection figures for April-July were up 13.27 percent on the same period in 2012.

According to the latest figures, the total collected now stands at INR1.57trn (USD25.5bn).

At INR921bn, gross corporate tax revenue recorded an increase of 9.75 percent. This was accompanied by year-on-year growth in personal income tax of 19.32 percent.

The Securities Transaction Tax brought in INR12.67bn, while Wealth Tax revenues, at INR2.01bn, were up 38.62bn.

Net direct tax collections improved by 10.37 percent, to INR1.17trn.

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

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