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Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01 and Indirect Taxes grow by 25 over the corresponding period last year i.e. April-December 2015

News and Press Release - Dated:- 9-1-2017 - Press Information Bureau Government of India Ministry of Finance 09-January-2017 12:53 IST Direct Tax and Indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015. The details in this regard are as follows: Direct Taxes The figures for Direct Tax collections up to December, 2016 sho .....

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collections is 4.4% while that in PIT collections is 24.6%. Refunds amounting to ₹ 1,26,371 crore have been issued during April-December, 2016, which is 30.5% higher than the refunds issued during the corresponding period last year. After accounting for the third instalment of advance tax received in December, 2016, the collections under advance tax stand at ₹ 2.82 lakh crore, which is 14.4% higher than the figures for the corresponding period of last year. CIT advance tax is growing .....

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