REVENUE COLLECTION RISES 20.24 PER CENT IN FIRST QUARTER

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As per provisional estimates, total collection of all taxes, including both direct and indirect taxes, during the current financial year upto June, 2002 is Rs.39173.87 crore as compared to Rs.32579.12 crore during the corresponding period last year, registering an increase of 20.24 per cent.

The collection of income tax during the period ending June, 2002 is Rs.6384.76 crore as compared to Rs.6007.60 crore during the corresponding period last year, registering an increase of 6.28 per cent. Collection of corporation tax during the period ending June, 2002 is Rs.4042.14 crore, as compared to Rs.1691.59 crore during the corresponding period of last year, registering an increase of 138.96 per cent.

Total collection of direct taxes during the period ending June, 2002 is Rs.10494.49 crore, as against Rs.7785.67 crore during the corresponding period of last year, registering an increase of 34.79 per cent.

The collection of excise duty during the current year upto June, 2002 is Rs.17477.03 crore as compared to Rs.14377.01 crore during the corresponding period last year, registering an increase of 21.56 per cent. Chollection of customs duty upto June, 2002 is Rs.9990.71 crore as compared to Rs.9409.44 crore during the same period last year, registering an increase of 6.18 per cent.

Total collection of indirect taxes upto June, 2002 is Rs.28679.38 crore, as against Rs.24793.45 crore during the corresponding period of last year showing an increase of 15.67 per cent.