Direct taxes registers 14.4 % growth in ten months

Economic indicators show positive growth in first half

ISLAMABAD, Jun 2 (APP): The direct taxes has registered
a growth of 14.4 percent during first ten months of current
fiscal year 2015-16.

The net collection has gone up from Rs.775.9 billion to
Rs.888.0 billion, an Economic Survey for current fiscal year
revealed which was announced by Minister for Finance, Senator Ishaq Dar at a press conference here on Thursday.

The Survey said bulk of tax revenue under direct tax
is realized from income tax, of which major contributors are
withholding tax, voluntary payments and collection on demand.