India: Tax Collections Surge

January 6th, 2011
in News

New Delhi (Business Standard):   Direct tax collections in the first nine months (April-December) of the current financial year increased 19.47 per cent to touch Rs 2,98,958 crore, compared with Rs 2,50,232 crore in the corresponding period of 2009-10.

Follow up:

The growth in the April-December period was largely contributed by corporation income-tax collections. During these months, collections from corporation tax jumped 22.07 per cent.  Collections of personal income-tax, including securities transaction tax (STT), residual fringe benefit tax and banking cash transaction tax, increased 10.96 per cent. The mop-up from STT increased 11.97 per cent.

Indirect tax collections went up by 42.3 per cent.  Read more at.  Read more at Business Standard..... 

Hat tip to Sanjeev Kulkarni, who adds the following comment:
Hmmmm! The economy seems to be really growing if not overheating! 
 








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