Wednesday, June 27, 2007

Centre''s Net Direct Tax Collection Increases

New Delhi: The Centre''s net direct tax collections have recorded 52.9 per cent growth in the period between April and June 23 to Rs 42,678 crore. Advance tax collections (first instalment) have reached Rs 18,717 crore. This represents a 27.52 per cent increase over advance tax collections of Rs 14,678 crore registered in the period up to June 23. The due date for the first instalment of advance tax was June 15. For the current fiscal, the Centre is aiming direct taxes collection of Rs 2,67,490 crore.

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