Profit

Direct Tax Collection Up 15% In April-October 2017

The government has collected Rs 4.39 lakh crore in direct taxes, up 15.2% year-on-year, during the first seven months of the current fiscal.

 Share
EMAIL
PRINT
COMMENTS
Direct Tax Collection Up 15% In April-October 2017

Refunds amounting to Rs 89,507 crore were issued during the seven month period.


New Delhi: The government has collected Rs 4.39 lakh crore in direct taxes, up 15.2 per cent year-on-year, during the first seven months of the current fiscal.

The collection, which includes personal income tax and corporate tax, represents 44.8 per cent of the total budget estimates of Rs 9.8 lakh crore in direct taxes for 2017-18.

"The provisional figures of Direct Tax collections up to October, 2017 show that net collections are at Rs 4.39 lakh crore which is 15.2 per cent higher than the net collections for the corresponding period of last year," a finance ministry statement said.

Gross collections (before adjusting for refunds) have increased 10.7 per cent to Rs 5.28 lakh crore during April-October, 2017.

Refunds amounting to Rs 89,507 crore were issued during the seven month period.

(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 ................................

Top