Direct Tax Collections upto July, 2016 indicate net revenue collections of 1.59 lakh crore; thus registering an increase of 24.01% over the corresponding period last year ; 18.82% of the Budget Estimates of direct taxes for FY 2016-17 achieved till July 2016 Refunds amounting to 64,181 crore have been issued during April-July, 2016, which is10.43% higher than the refunds issued during the corresponding period last year

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..... Direct Tax Collections upto July, 2016 indicate net revenue collections of 1.59 lakh crore; thus registering an increase of 24.01% over the corresponding period last year ; 18.82% of the Budget Estima .....

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..... tes of direct taxes for FY 2016-17 achieved till July 2016 Refunds amounting to 64,181 crore have been issued during April-July, 2016, which is10.43% higher than the refunds issued during the correspo .....

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..... nding period last year
News and Press Release
Dated:- 10-8-2016

The figures for direct tax collections upto July, 2016 show that net revenue collections are at ₹ 1.59 lakh crore wh .....

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..... ich is 24.01% more than the net collections for the corresponding period last year. Till July, 2016, 18.82%of the Budget Estimates of direct taxes for FY 2016-17 has been achieved. As regards the gro .....

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..... wth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.65% while that under PIT (including STT etc.) is 31.47%. .....

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..... However, after adjusting for refunds, the net growth in CIT collections is 2.84% while that in PIT collections is 46.55%. Refunds amounting to ₹ 64,181 crore have been issued during April-July, .....

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..... 2016, which is 10.43% higher than the refunds issued during the corresponding period last year.
News - Press release - PIB .....

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