Home / Knowledge / News / Corporate tax growth highest in North-Eastern region
Corporate tax growth highest in North-Eastern region
06
Feb '08
Direct tax collections continued to record a growth of over 40 percent for the first ten months of the current fiscal. Net direct tax collections stood at Rs.2,18,538 crore, up from Rs.1,55,576 crore during the same period last fiscal, registering a growth of 40.47 percent and achieving over 81 percent of budgeted direct tax target of Rs.2,67,490 crore.

Corporate Tax registered a growth of 37.54 percent at Rs.1,33,851 crore, up from Rs.97,315 crore during the previous fiscal, while Personal Income Tax (including FBT, STT and BCTT) grew by 45.45 percent at Rs.84,349 crore, up from Rs.57,990 crore.

Growth in Securities Transaction Tax (STT) was 85.71 percent (Rs.6,793 crore against Rs.3,658 crore) and Fringe Benefit Tax (FBT) was 30.74 percent (Rs.5,161 crore against Rs.3,948 crore). Banking Cash Transaction Tax (BCTT) grew by 14.51 percent (Rs.460 crore against Rs.401 crore).

Overall direct tax growth was highest in the Mumbai region at 64.26 percent; followed by North Western region (Chandigarh) at 48.19 percent, Pune region at 44.37 percent, Karnataka & Goa regions (Bangalore) at 43.76 percent and Andhra Pradesh region (Hyderabad) at 39.53 percent.

Corporate tax growth was highest in the North-Eastern region (Guwahati) at 254.30 percent; followed by Bihar & Jharkhand regions (Patna) at 75.45 percent, Kerala region (Kochi) at 71.61 percent, eastern Uttar Pradesh (Lucknow) at 71.46 percent and Mumbai at 69.90 percent.

Personal income tax growth was highest in Madhya Pradesh & Chhattisgarh regions (Bhopal) at 393.07 percent; followed by Mumbai at 54.48 percent, part of western Uttar Pradesh region (Meerut) at 52.91 percent, Andhra Pradesh region (Hyderabad) at 49.97 percent, eastern Uttar Pradesh (Lucknow) at 48.84 percent and Tamil Nadu region (Chennai) at 48.41 percent.

Press Information Bureau Government of India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search