Total direct tax collections up to 16th January 2017 amount to ₹ 5,76,408 crore; the Budget Estimates fixed for direct taxes are ₹ 9,80,000 crore

Total direct tax collections up to 16th January 2017 amount to ₹ 5,76,408 crore. For the financial year 2017-18, the Budget Estimates fixed for direct taxes are ₹ 9,80,000 crore.

As per Receipt Budget 2017-18, the Budget Estimates for direct taxes have been fixed at ₹ 9,80,000 crore, including ₹ 5,38,745 crore for Corporation Tax and ₹ 4,41,255 crore for Taxes on Income.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.