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Direct Tax Collections for F.Y. 2017-2018 show Growth of 19.3% up to January, 2018

Delhi 

Direct Collections for F.Y. 2017-2018 show Growth of 19.3% up to January, 2018

The provisional figures of Direct collections up to January, 2018 show that net collections are at Rs.6.95 lakh crore which is 19.3% higher than the net collections for the corresponding period of last year.

The net Direct collections represent 69.2% of the Revised Estimates of Direct Taxes for F.Y. 2017-18 (Rs.10.05 lakh crore).Gross collections (before adjusting for refunds) have increased by 13.3% to Rs.8.21 lakh crore during April 2017 to January 2018.

Refunds amounting to Rs.1.26 lakh crore have been issued during April 2017 to January 2018.

The Growth Rate for Net Collections for Corporate (CIT) is 19.2% and for Personal (PIT) is 18.6%.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 00:20 IST