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  • Direct tax collections jump 16% to Rs 3.86 lakh cr in Apr-Sep

    Publish Date : 12 Oct 2017

    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 2017show that net collections stood at Rs 3.86 lakh crore which is15.8 percent 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 IncomeTax (CIT)Advance Tax is8.1 percent and that in Personal Income Tax (PIT)Advance Tax is30.1 per cent.


    Refunds amounting to Rs 79,660crorehave been issued during April-September 2017.

    Gross direct tax collections (before adjusting for refunds) have increased by10.3 per centtoRs4.66 lakh crore during April - September, 2017. - www.business-standard.com [12-10-2017]

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