Corporate, personal IT collections grow 43.45% at Rs 49,411 cr

New Delhi, Jun 25 (UNI) Corporate and Personal Income Tax collections have grown 43.45 per cent to Rs 49,411 crore over last year.

As on June 21, 2008, the collection from Corporate Income Tax stands at Rs 30,655 crore at growth rate of 39.81 per cent over previous year, while the Personal Income Tax collection grew 49.82 per cent to Rs 18,756 crore, an official statement said here today.

The buoyancy in the tax collection is significant as refunds to the tune of Rs 10,810 crore have been issued till date at a growth rate of 33.7 per cent over previous year, it added.

The highest contribution in advance tax payments has come from Oil and Natural Gas Corporation, followed by State Bank of India and Steel Authority of India Ltd.

UNI SR SG ND1742