Sunday, February 25 2018

February 9, 2018

Govt direct tax collection grows Rs 6.95 lakh crore

New Delhi-Direct tax collection of Govt has grown 6,95 lakh crore rupees during the April-January period of the current fiscal, a growth of 19.3 per cent over the year-ago period.The net collections for Corporate Income Tax, CIT, showed a growth of 19.2 per cent and for Personal Income Tax, PIT, at 18.6 per cent.Refunds amounting to 1.26 rupees lakh crore have been issued during 10-month period of the current fiscal.The net direct tax collections represent around 69 per cent of the revised estimates of 10 lakh five thousand crore rupees for direct taxes in 2017-18