NEW DELHI: Spurred by higher economic growth coupled with better tax administration, the Centre's total tax collection during 2006-07 surged to Rs. 4,70,077 crore, which is around Rs. 5,000 crore more than the revised revenue estimates for the fiscal year.

Releasing the revenue collection figures for the previous fiscal here on Saturday, Finance Minister P. Chidambaram said: "For the first time in recent years, the actual tax collections have exceeded both budgeted estimates and revised estimates."

Direct and indirect taxes

Mr. Chidambaram told newspersons that the actual revenue collections through indirect taxes, including customs, central excise and service taxes touched Rs. 2,40,896 crore in 2006-07 as compared to the budget estimates of Rs. 2,29,533 crore and revised estimates of Rs. 2,36,202 crore.

Similarly, the actual revenue collections through direct taxes also peaked to Rs. 2,29,181 crore against the revised estimate of Rs. 2,29,007 crore for the year.

While personal income tax collections added up to Rs. 85,620 crore, the mop-up through corporate tax also touched Rs. 1,43,561 crore for the 12-month period.

The collection by way of customs duties during the fiscal at Rs. 86,294 crore was in excess of both the budgeted estimates at Rs. 77,066 crore as also the higher revised estimates at Rs. 81,800 crore.

In central excise, the collection during the fiscal year at Rs. 1,17,250 crore was lower than the budget estimates of Rs. 1,17,967 crore but higher than the revised estimates of Rs. 1,16,233 crore.

Service tax collection lower

Service tax collections, however, were lower by Rs. 817 crore at Rs. 37,352 crore as compared to the revised estimates of Rs. 38,169 crore pegged for the fiscal. For the current fiscal year, the Centre, as per budget estimates, has projected a total collection of Rs. 5,48,122 crore.

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