{"id":20767,"date":"2012-06-13T19:03:40","date_gmt":"2012-06-13T13:33:40","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=20767"},"modified":"2012-06-13T19:03:40","modified_gmt":"2012-06-13T13:33:40","slug":"personal-income-tax-collection-up-10-02-percent-in-april-may","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/personal-income-tax-collection-up-10-02-percent-in-april-may","title":{"rendered":"Personal income tax collection up 10.02 percent in April-May"},"content":{"rendered":"

According to the data furnished by the finance ministry, gross direct tax collections increased 3.62 percent to Rs.52,232 crore from Rs.50,407 crore in the corresponding period of 2011-12. The ministry said the net direct tax collection zoomed 172.64 percent during the period under review to Rs.35,323 crore from Rs.12,956 crore in the same period. The upward surge in net collections was due to decline in refunds, said the ministry in a statement. Refunds fell by 54.85 percent during April-May 2012 from the corresponding period of last fiscal. However, gross collection of corporate taxes declined 2.82 percent during April-May 2012 and stood at Rs.24,329 crore, down from Rs.25,035 crore in the corresponding period of last fiscal. Wealth tax too declined. The levy fell 16.67 percent at Rs.15 crore down from Rs.18 crore in the like period of 2011-12. The Securities Transaction Tax (STT) was up by 7.36 percent during April-May, 2012-13, to Rs.540 crore from Rs.503 crore in April-May, 2011-12.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the data furnished by the finance ministry, gross direct tax collections increased 3.62 percent to Rs.52,232 crore from Rs.50,407 crore in the corresponding period of 2011-12. The ministry said the net direct tax collection zoomed 172.64 percent during the period under review to Rs.35,323 crore from Rs.12,956 crore in the same period. The […]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[8888,8887,8889],"class_list":["post-20767","post","type-post","status-publish","format-standard","hentry","category-tax-law-news","tag-finance-ministry","tag-personal-income-tax-collection","tag-securities-transaction-tax"],"yoast_head":"\nPersonal income tax collection up 10.02 percent in April-May - Legal News India - Supreme Court & High Court Updates<\/title>\n<meta name=\"description\" content=\"According to the data furnished by the finance ministry, gross direct tax collections increased 3.62 percent to Rs.52,232 crore from Rs.50,407 crore in - Get the latest legal news from the Supreme Court, High Courts, and government. 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The apex court dismissed the appeals filed by Andhra Pradesh Power Coordination\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Lanco Infratech to get back Rs 175 crore as IT reimbursement","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/sitamarhi.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":56218,"url":"https:\/\/www.legalindia.com\/news\/manpasand-beverages-top-officials-arrested-for-rs-40-crore-tax-fraud","url_meta":{"origin":20767,"position":4},"title":"‘ Manpasand Beverages\u2019 Top Officials Arrested For Rs 40 Crore Tax Fraud","author":"Legal India Admin","date":"May 28, 2019","format":false,"excerpt":"Top officials of Manpasand Beverages Ltd. were arrested on Friday by the goods and services tax department for an alleged Rs 40-crore fake invoice scam. The Central GST and Customs office arrested Managing Director Abhishek Singh, his brother Harshvardhan Singh and the company's Chief Financial Officer Paresh Thakkar after conducting\u2026","rel":"","context":"In "Tax Law News"","block_context":{"text":"Tax Law News","link":"https:\/\/www.legalindia.com\/news\/category\/tax-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/download-2019-05-28T170854.950.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":33926,"url":"https:\/\/www.legalindia.com\/news\/sc-decries-industrys-tendency-hold-back-dues-taxes","url_meta":{"origin":20767,"position":5},"title":"SC decries industry’s tendency to hold back dues & taxes","author":"Legal India Admin","date":"June 28, 2014","format":false,"excerpt":"The Supreme Court Friday deprecated the tendency of some industrial houses not to pay the government dues and taxes while lavishly spending on celebrity actors for the advertising their products. A bench of made the observation as it refused to provide any interim relief to cement manufacturer Binani Cement Limited\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"tax","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/06\/tax.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-5oX","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/20767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=20767"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/20767\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=20767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=20767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=20767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}