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Direct tax collection rises 15% to Rs 4.39 lakh cr in Apr-Oct

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

Press Trust of India  |  New Delhi 

Direct tax receipts may be a spoiler for fiscal maths

The 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 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 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 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.

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

First Published: Tue, November 07 2017. 16:29 IST
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