Sunday, 21 January 2018

Direct Tax Collections for F.Y. 2017 - 2018 show Growth of 18.7 % up to 15th January, 2018

The provisional figures of Direct Tax collections up to15th January, 2018
show that net collections are at Rs. 6.89 lakh crore which is 18.7% higher than the net collections for the corresponding period of last year. 
The net Direct Tax collections represent 70.3% 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 13.5% to Rs.8.11 lakh crore during April, 2017 to 15th January, 2018. 
Refunds amounting to Rs.1.22 lakh crore have been issued during April, 2017 to15th January, 2018.

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