Direct Tax Receipts Grew By 5.8 Per Cent During Apr-May - June 05, 2009

The direct tax receipts of India between April-May grew by 5.77 per cent to Rs 241.58 billion, the Central Board of Direct Taxes said in a statement on Friday. In the first two months of 2009/10, the corporate tax receipts shot up 5.56 per cent to Rs 85.78 billion and income tax collections grew by 5.92 per cent to Rs 155.59 billion, it said. It also added “Growth during the month of May 2009 was 16.88 per cent at Rs 11,919 crore (119.19 billion) against Rs 10,198 crore, as against a negative growth of 3.19 per cent for the month of April 2009.