- Change in interest rate: Impact on floating rate home loan, EMI and tenure (Aug 18, 2008)
- All you wanted to know about Senior Citizen Savings Scheme (SCSS) (Aug 15, 2008)
- When “at-par” is not so good: New Fund Offer (NFO) versus existing MF schemes (Aug 11, 2008)
- Not Cash, Not Travellers Cheques: Use Travel Card (Aug 07, 2008)
- Once again, banks hike interest rates for deposits and lending (loans) (Aug 04, 2008)
- SEBI approves Application Supported by Blocked Amount (ASBA) for IPOs (Aug 02, 2008)
Also translated in Hindi and published in Dainik Bhaskar
Articles: Direct Tax collections up by 42.5%
The Direct Tax collection for the period April 1 to December 15 has gone up by 42.5% compared to the same period last year.
| The Direct Tax collection for the period April 1 to December 15, 2007 has gone up by 42.5% to Rs. 1,64,407 Crores compared to Rs. 1,15,377 Crores in the same period last year. (The figures for 2007 are provisional) |
Corporate tax has registered a 42.4% growth, and income tax (personal) collection has increased by 42.8%. Securities Transaction Tax (STT), Fringe Benefit Tax (FBT) and Banking Cash Withdrawal Tax have also shown a healthy increase.
What does this mean for you?
A healthy growth in corporate tax collection means that companies are not only growing at a fast pace, but are also growing profitably. The current valuation of the Indian stock markets assumes a high growth for Indian companies, and this growth in tax collection vindicates this assumption.
The growth in personal income tax shows that individuals are maintaining a healthy increase in their pay packages, which would further stimulate the domestic demand.
Other articles you might be interested in:
- Healthy growth in Advance Tax payments by Blue Chips
- Goal Based Investing
- Direct investment in Stocks versus Mutual Funds (MFs)?
- Cap for PO Monthly Interest Scheme (MIS) increases
- National Savings Certificate (NSC)
Related links from the web (Sponsored):
Articles by Category:
- Gold
- Income Tax - IT
- Insurance
- Investment Philosophy and Planning
- Loans
- Mutual Funds
- News / Developments
- Others / Miscellaneous
- Real Estate
- Stocks / Shares / Equities
Note: Please treat the opinion expressed here as a broad suggestion. Please consult your financial planner / investment advisor before making any investment decision.
Comments
Registered Members: 1520
Guests On-Line: 2
Registered Members On-Line: 0
You are a guest user. To register for free, 