Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep
Team Udayavani, Oct 11, 2017, 6:05 PM IST
New Delhi: India’s direct tax collections for April-September rose 15.8 per cent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said.
The net direct tax collections constitute 39.4 per cent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal.
The provisional figures of direct tax up to September 2017 show that net collections stood at Rs 3.86 lakh crore which is 15.8 per cent higher than the corresponding period last year, the finance ministry said in a statement.
Advance tax collections till September stood at Rs 1.77 lakh crore, reflecting a growth of 11.5 per cent over the corresponding period a year ago.
The growth in Corporate Income Tax (CIT) Advance Tax is 8.1 per cent and that in Personal Income Tax (PIT) Advance Tax is 30.1 per cent.
Refunds amounting to Rs 79,660 crore have been issued during April-September 2017.
Gross direct tax collections (before adjusting for refunds) have increased by 10.3 per cent to Rs 4.66 lakh crore during April – September, 2017.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Alphabet gets CCI’s clearance to acquire stake in Flipkart
Essar Group co-founder Shashi Ruia dies at 80
Sensex, Nifty climb in early trade amid fresh foreign fund inflows
RBI Governor Shaktikanta Das hospitalised
Sensex reclaims 80k mark; Nifty surges over 1% after BJP-led Mahayuti’s win in Maharashtra
MUST WATCH
Latest Additions
Alphabet gets CCI’s clearance to acquire stake in Flipkart
‘COVID was different’: SC bemoans distribution of free ration
Telugu actor Shri Tej booked for alleged cheating, false marriage promise
Five arrested in connection with botched angioplasty deaths at Gujarat hospital
Deceased Kannur official’s widow moves Kerala HC for CBI probe into his death
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.