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Direct tax collection up 33 percent to Rs.1.47 trillion

Report from Indo-Asian News Service brought to you by HT Syndication.

New Delhi, Oct. 6 -- Faced with a sluggish economy, Indian policy-makers Monday received some solace, with net direct tax collection up nearly 33 percent to Rs.147,197 crore or Rs.1.47 trillion in the first six months of the current fiscal.

The finance ministry said the net direct tax collection during April-September this fiscal stood at Rs.147,197 crore, up from Rs.111,055 crore, registering a growth of 32.54 percent.

"Continued high growth in TDS (tax deduction at source) and FBT (fringe benefit tax) collections indicates inherent strength of the Indian economy and continued improvement in tax administration," said ...

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