Direct tax collection up 43% until 21 June 2008
The
finance ministry today, 25 June 2008, said the direct tax receipts were
up 43.45% to Rs 49411 crore until 21 June 2008, on the back of a higher
advance tax payments by corporates. Collection from corporate tax were
Rs 30655 crore, up 39.81% from a year-ago, while income tax receipts
were up 49.8% to Rs 18756 crore, it said in a statement.
The
advance tax payments by top companies have shown a healthy growth. The
highest contribution has come from ONGC followed by SBI and SAIL,
indicating that the growth is visible in almost all sectors of economy,
the ministry said.
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