associate sponsors

Llyod
HDFC

Direct tax collections rise 18.2% to Rs 6.56 lakh crore during April-December of current fiscal

New Delhi: Direct tax collections soared 18.2 percent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said on Tuesday.

In a statement, the ministry said provisional numbers for direct taxes collections showed an 18.2 percent growth during April-December.

Representational image. Reuters.

Representational image. Reuters.

Direct taxes are made up of income tax paid by individuals, wealth tax and corporation tax paid by companies.

"The net direct tax collections represent 67 percent of the total Budget Estimates of direct taxes for FY2017-18 (Rs 9.8 lakh crore)," the statement said.

Gross collections (before adjusting for refunds) have increased by 12.6 percent to Rs 7.68 lakh crore during April to December, 2017.

As many as Rs 1.12 lakh crore refunds have been issued in the period.

The ministry said advance tax collection was up 12.7 percent at Rs 3.18 lakh crore.

While the growth in corporate income tax advance tax is 10.9 percent, that in personal Income Tax advance tax is 21.6 percent.


Updated Date: Jan 09, 2018 11:52 AM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See



{if $hideJSforEU != 'yes'} {/if}