Direct tax receipts up 43% until June 21
India's direct tax receipts were up 43.45 percent to Rs 49,411 crore until June 21, on the back of a higher advance tax payments by corporates, the finance ministry said on Wednesday.
By PTI |
NEW DELHI: India's direct tax receipts were up 43.45 percent to Rs 49,411 crore until June 21, on the back of a higher advance tax payments by corporates, the finance ministry said on Wednesday.
Collection from corporate tax were Rs 30,655 crore, up 39.81 percent from a year-ago, while income tax receipts were up 49.8 percent to Rs 18,756 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.
Collection from corporate tax were Rs 30,655 crore, up 39.81 percent from a year-ago, while income tax receipts were up 49.8 percent to Rs 18,756 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.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
