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Journalism of Courage
Helped by robust economic growth,the government collected Rs 3,17,501 crore from direct taxes during April-January 2010-11,up 20.37 per cent from the year-ago perod.
Corporate income tax at Rs 2,16,872 crore was up by 24.78 per cent,while personal income tax grew by 11.87 per cent to Rs 1,00,191 crore during this ten-month period.
According to the Central Board of Direct Taxes (CBDT),direct tax collections were “buoyant”.
Tax refunds also increased by 38.65 per cent at Rs 53,688 crore.
The Indian economy is projected to grow by 8.6 per cent in this financial year.
Agriculture and allied activities are expected to grow at 5.4 per cent in 2010-11 compared to just 0.4 per cent in the previous financial year.
While services such as trade,hotel,transport and communications improved to 11 per cent from 9.
