Direct tax collections till September at Rs 5.47 lakh cr
04-October-2018
Increasing by 16.7 per cent over last year, the gross direct tax collections for the first half of the current fiscal stood at Rs 5.47 lakh crore, according to provisional figures released by the government.
It added that the gross collections of the corresponding period last year also included collections under the Income Declaration Scheme amounting to Rs 10,254 crore, which did not form part of the current year's collection.
"Refunds amounting to Rs 1.03 lakh crore have been issued during April to September, which is 30.4 per cent higher than refunds issued during the same period in the preceding year," an official statement said.
It said the net collection, after adjusting for refunds, increased by 14 per cent to Rs 4.44 lakh crore.
"The net direct tax collections represent 38.6 per cent of the total Budget Estimates of Direct Taxes for FY19," it added.
- IANS
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs
Firing At Salman Khan’s Mumbai Residence: Delhi Police Launch Probe
upGrad Records 55,000 Job Placements in FY24, Boosting Careers in Tech and Marketing