Special prayers held for ailing …

  Panaji: Special prayer…

Leading lensmen assemble in Jaip…

  Jaipur: Some of the mo…

Modi 'most expensive watchman' i…

  New Delhi: Senior Cong…

Anna Hazare to visit UP to mobil…

  Lucknow: Noted social …

Bank scams: Three fresh cases of…

  New Delhi: Three fresh…

Industry has to introspect on do…

  New Delhi: In light of…

GoAir flight returns to Leh afte…

  Srinagar: A GoAir Delh…

Alphons rubbishes Rahul allegati…

  Shillong: Union Touris…

I love Indian media, says Donald…

  New Delhi: Donald Trum…

UN chief signs Global Counter-Te…

  United Nations: United…

«
»
TwitterFacebookPinterestGoogle+

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.2% up to December, 2017 

Facebooktwittergoogle_plusredditpinterestlinkedinmail

The provisional figures of Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year. The net Direct Tax collections represent 67% of the total Budget Estimates of Direct Taxes for Financial Year (F.Y.) 2017-18 (Rs. 9.8 lakh crore). Gross collections (before adjusting for refunds) have increased by 12.6% to Rs. 7.68 lakh crore during April to December, 2017. Refunds amounting to Rs.1.12 lakh crorehave been issued during April to December, 2017.

An amount of Rs. 3.18 lakh crore has been received as Advance Tax up to December, 2017 reflecting a growth of 12.7% over the Advance Tax payments of the corresponding period of last year. The growth in Corporate Income Tax (CIT) Advance Tax is 10.9% and that in Personal Income Tax (PIT) Advance Tax is 21.6%.

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*