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TMI BlogDirect Tax CollectionsX X X X Extracts X X X X X X X X Extracts X X X X ..... Direct Tax Collections X X X X Extracts X X X X X X X X Extracts X X X X ..... ing FBT, STT and BCTT) grew at 48.84 percent (Rs.22,782 crore as against Rs.15,306 crore). The growth in direct taxes has been maintained despite much larger refund payouts at Rs.11,578 crore as against Rs.7,302 crore during the corresponding period last fiscal. Growth in Fringe Benefit Tax (FBT) was 38.74 percent, while Securities Transaction Tax (STT) and Banking Cash Transaction Tax (BCTT) grew ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at 22.11 percent and 21.03 percent, respectively. Among regions, tax growth in Mumbai and Delhi was 40.19 percent and 53.57 percent, respectively. Other regions with high tax growth are Nagpur (74.08 percent); Kochi (68.08 percent); Bangaluru (47.26 percent) and Kolkata (45.30 percent). Tax deducted / collected at source continued to drive direct tax collection with a growth of about 50 percen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t while self-assessment tax grew at 35 percent, indicating continued improvement in tax compliance and tax administration.
The cost of direct tax collection, on the other hand, has declined to an all-time low of 0.54 percent during 2007-08, amongst the lowest in the world.
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