Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 March, 2018 14:31 IST
Direct tax collections rise 19.5% up to February 2018
Source: IRIS | 09 Mar, 2018, 10.31AM
Comments  |  Post Comment

The provisional figures of Direct Tax collections up to February, 2018 show that net collections are at Rs.7.44 lakh crore which is 19.5% higher than the net collections for the corresponding period of last year.

The net direct tax collections represent 74.3% 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 14.5% to Rs.8.83 lakh crore during April 2017 to February 2018. Refunds amounting to Rs.1.39 lakh crore have been issued during April 2017 to February 2018.

The growth rate for net collections for Corporate Income Tax (CIT) is 19.7% and for Personal Income Tax (PIT) is 18.6%.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
India's current account deficit widens to 2.0% of GDP in Q3FY18 - 19-Mar-2018 10:38
Blockchain tech can resolve inefficiencies in India's current trade finance system: Study - 16-Mar-2018 10:10
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer