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Direct tax collections up 14% in Apr-Aug

Press Trust of India/New Delhi 06 Sep 10 | 06:30 PM

Direct tax collections shot up by 13.91 per cent to Rs 1,00,112 crore in the first five months of the 2010-11 financial year till August, the Finance Ministry said today.

During the corresponding period (April to August) last fiscal, direct tax collections stood at Rs 87,888 crore.

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As per data released by the Central Board of Direct Taxes, corporate tax collections grew by 17.05 per cent to Rs 57,750 crore in April-August, 2010, from Rs 49,339 crore in the corresponding five-month period a year ago.

Meanwhile, personal income tax collection -- including securities transaction tax, residual fringe benefit tax and banking cash transactions tax -- rose by 9.68 per cent to Rs 42,217 crore from Rs 38,491 crore.

The Patna region, comprising Bihar and Jharkhand, led the growth in personal income tax (PIT) collections, registering a 90 per cent jump in PIT.

In comparison, the Lucknow region (UP-East) registered a growth of 70 per cent in PIT, while the Guwahati region (North-East) saw a 48 per cent growth and the North Western region (Chandigarh) witnessed a 42 per cent jump in PIT collections.

Growth in corporate income tax collection was highest in the Bhopal region (MP-Chhattisgarh) at 185 per cent, followed by the Delhi region (at 63 per cent), and the Nagpur and Pune regions (parts of Maharashtra) at 61 per cent and 52 per cent, respectively.

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