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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, 2017

business Updated: Dec 09, 2017 17:12 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
Direct tax,Direct tax collections,Central Board of Direct Taxes
Refunds amounting to Rs 1.02 lakh crore have been issued during April-November, 2017(Mint File)

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