Home > News Analysis > Direct Tax collections up 42%

Direct Tax collections up 42%

Thursday, September 6, 2007 Leave a comment Go to comments

Direct tax collections in the country have grown by 42%. This implies that more people are paying their taxes. STT and personal income tax collections have grown by more than 33%. This also indicates good health of the Indian corporate sector.
This is good news for the Govt. Lets hope that Govt. uses this tax to improve India’s infrastructure and education levels. The growth momentum of 8%+ GDP growth needs to continue.Read the details here.

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