Direct tax collections rise 14% to Rs 4.8 lakh crore in April-November
The gross collections (before adjusting for refunds) have increased by 10.7% to Rs 5.82 lakh crore during April-November, 2017Updated: Dec 09, 2017 17:12 IST
Direct tax collections increased by 14.4% to Rs 4.8 lakh crore during April-November this fiscal.
“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,” Central Board of Direct Taxes said in a statement.
According to the statement, the net direct tax collections represent 49% of the total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).
The 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-November, 2017, it added.
First Published: Dec 09, 2017 17:04 IST