Direct Tax Collections Rise 14% To Rs 4.8 Lakh Crore In April-November

Net direct tax collections represent 49% of total Budget Estimates of direct taxes for 2017-18

 Share
EMAIL
PRINT
COMMENTS
Direct Tax Collections Rise 14% To Rs 4.8 Lakh Crore In April-November

The gross collections have increased by 10.7% to Rs 5.82 lakh crore during April-November


New Delhi: Direct tax collections increased by 14.4 per cent 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 per cent 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 per cent 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 per cent 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. 



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................