Direct Tax Collections for financial year 2017-18 show growth of 14.4% upto Nov: Govt
New Delhi, Dec 10 (IBNS): The provisional figures of Direct Tax collections up to November, 2017 show that net collections are at Rs. 4.8 lakh crore which is 14.4% higher than the net collections for the corresponding period of last year, a government statement claimed.
The Net Direct Tax collections represent 49% of the total Budget Estimates of Direct Taxes for the Financial Year. 2017-18 (Rs. 9.8 lakh crore).
Gross collections (before adjusting for refunds) have increased by 10.7% to Rs.5.82 lakh crore during April-November, 2017.
Refunds amounting to Rs. 1.02 lakh crore have been issued during April, 2017 to November, 2017.
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