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Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up to October, 2017 at Rs. 4.39 lakh cr
Tax Collections – Direct Tax – Taxscan
Tax Collections – Direct Tax – Taxscan
The Ministry of Finance has released the data of Direct Tax Collections for the Financial Yeat 2017-18.
The provisional figures of Direct Tax collection up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2% higher than the net collection for the corresponding period of last year.
Net Direct Tax collection represent 44.8% of the total Budget Estimates of Direct Taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore). Gross collections (before adjusting for refunds) have increased by 10.7% toRs.5.28 lakh crore during April-October, 2017. Refunds amounting to Rs. 89,507 crore have been issued during April, 2017 to October, 2017.
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