Date:13/04/2005 URL: http://www.thehindubusinessline.com/2005/04/13/stories/2005041302580300.htm

Back Corporation tax mop-up touches Rs 83,311 cr

Our Bureau

New Delhi , April 12

CORPORATION tax collections of the Centre for the year 2004-05 has touched Rs 83,311 crore, according to the latest estimates available with the Revenue Department.

The revised estimate for corporation tax for the year 2004-05 was pegged at Rs 83,000 crore, which was lower than the Budget estimate of Rs 88,436 crore. On the personal income-tax front, the collections have so far touched Rs 46,840 crore. This performance, however, was lower than the revised estimate of Rs 50,929 crore that had been fixed for 2004-05. While the Budget estimate for corporation tax for the year 2005-06 has been pegged at Rs 1,10,573 crore, for personal income-tax, the estimate has been pegged at Rs 66,239 crore.