BUSINESS

16 % rise in direct tax collections

Direct tax collections in the first four months this fiscal surged by 15.75 per cent to Rs.85,647 crore from Rs.73,990 crore during the same period of 2009-10, mainly owing to a robust 21 per cent spurt in corporate income-tax mop-up. According to the revenue collections data released by the Central Board of Direct Taxes here on Thursday, the mop-up by way of corporate income tax grew by 20.95 per cent to Rs.51,627 crore as compared to the Rs.42,685 crore.

However, as for personal income-tax the increase in revenue mop-up was a mere 8.51 per cent at Rs.33,940 crore during April-July 2010 .



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