Income tax department sources tell that Direct tax collections( Corporate tax, Personnel Income tax, Security Transaction Tax) for the period April 2010- February 2011 jumped to Rs 3,36,177 Crore compare to Rs 2,78,411 core for the same period in the year 2009-2010.
The individual direct tax collection as follows
|Direct Tax Type||Tax Collections for April 2010-February 2011 (crore)||Tax collections in same period 2009-201(crore)||% Increase in Tax collection over last year|
|Corporate Income Tax collections||Rs.2,23,612||Rs.1,80,318||24.01|
|Personnel Income Tax||Rs.1,12,114||Rs.97,692||14.76|
|Securities Transaction Tax||Rs.6,078||Rs.5,975||1.72|
As per income tax department, they processed income tax returns refunds Rs.59,602 crore for the period April to February as compare to Rs 41,741 crore for the same period last year a over all jump 42.79%.