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       HEADLINES: Must inform about LD Clerk vacancies ASAP: Pinarayi                                              DYFI members get hacked in Chengannur                                              Kerala Congress(M) would stay away from RS polls: K M Mani                                              Chengannur bypoll result will be decided by unbiased politics: Kummanam                                              Summer rains come as a relief to scorching heat, to continue for three more days                                              KCR to meet Mamata over alternative front                                              Demonetisation was a big lie: Chidambaram                                              BJP messed up economy: Manmohan Singh                                              Russian presidential elections result to be out Monday                                              Russia expels 23 British diplomats                                              10 dead after plane crashes into house in Philippines                                              PyeongChang Paralympics to conclude Sunday                                              Nidahas Trophy: Upbeat India to take on B'desh in final                                              Nidahas Trophy: Rahman helps B’desh post 166/8 against India                                              Aussies beat Indian eves by 97 runs to clean sweep series                                              Roger Federer makes it to Indian Wells finals                                              Kaumudi Facebook
       BUSINESS Next Article: India seeks global investments in energy sector: Dharmendra Pradhan  
       Direct tax collections for FY 2017-18 up by 15.8 per cent
         Posted on :18:34:28 Oct 11, 2017
       Last edited on:18:34:28 Oct 11, 2017
         Tags: Direct tax collections up by 15.8 per cent

NEW DELHI: The provisional figures of Direct Tax collections up to September, 2017 reported a 15.8 per cent increase (Rs. 3.86 lakh crore) compared to the net collections for the corresponding period of last year.

Net Direct Tax collections represent 39.4 percent of the total budget estimates of direct taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore). Gross collections (before adjusting for refunds) increased by 10.3 per cent to Rs. 4.66 lakh crore during April to September, 2017. Refunds amounting to Rs. 79,660 crore were issued during April to September, 2017.

An amount of Rs. 1.77 lakh crore was received as advance tax up to September 30, reflecting a growth of 11.5 per cent over the advance tax payments of the corresponding period of last year. The growth in Corporate Income Tax (CIT) Advance Tax is 8.1 percent and that in Personal Income Tax (PIT) Advance Tax is 30.1 percent, an official release from the Central Board of Direct Taxes (CBDT) reported.

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