Direct Taxes Collections Jump 14.4% Till Nov to Rs 4.8 Lakh Crore
Gross collections (before adjusting for refunds) increased by 10.7% to Rs 5.82 lakh crore during Apr-Nov 2017: CBDT
Direct tax collections increased by 14.4 percent to Rs 4.8 lakh crore during April-November this fiscal.
"The provisional figures of Direct Tax collections up to November 2017 show that net collections are at Rs 4.8 lakh crore, which is 14.4 percent higher than the net collections for the corresponding period of last year," Central Board of Direct Taxes said in a statement.
According to the statement, the net direct tax collections represent 49 percent of the total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).
The gross collections (before adjusting for refunds) have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November 2017.
Refunds amounting to Rs 1.02 lakh crore have been issued during April-November, 2017, it added.
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