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 for Financial Year 2016-17 has been achieved.

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..... 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 .....

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..... or Financial Year 2016-17 has been achieved. - News and Press Release Dated:- 12-9-2016 - News - Press Information Bureau Government of India Ministry of Finance 12-September-2016 12 .....

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..... :08 IST The 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 correspondi .....

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..... ng period last 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 Pe .....

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..... rsonal Income Tax (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 g .....

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..... rowth in CIT collections 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 refu .....

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..... nds issued during the corresponding period last year. ***** DSM/KA - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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..... TaxTMI - TMITax .....

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