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TMI BlogDirect Tax Collections up to August, 2016 show an Increase of 15.03% over the net collections for the corresponding period last year; Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year 2016-17 has been achieved.X X X X Extracts X X X X X X X X Extracts X X X X ..... Direct Tax Collections up to August, 2016 show an Increase of 15.03% over the net collections for the corresponding period last year; Till August 2016, 22.30% of the Budget Estimates of direct taxes f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or Financial Year 2016-17 has been achieved. X X X X Extracts X X X X X X X X Extracts X X X X ..... figures for Direct Tax Collections up to August, 2016 show that net revenue collections are at ₹ 1.89 lakh crore which is 15.03% more than the net collections for the corresponding period last ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year. Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year 2016-17 has been achieved. As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.55% while that under PIT (including STT etc.) is 24.06%. However, after adjusting for refunds, the net growth in CIT coll ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ections is (-)1.89% while that in PIT collections is 31.76%. Refunds amounting to ₹ 77,080 crore have been issued during April-August, 2016, which is 22.18% higher than the refunds issued during ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the corresponding period last year.
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