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Direct Tax Collections up-to August, 2017 in the current Financial Year 2017-18 show Growth of 17.5%

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..... Direct Tax Collections up-to August, 2017 in the current Financial Year 2017-18 show Growth of 17.5% - News and Press Release Dated:- 12-9-2017 - News - The Direct Tax collections up to August, 2017 .....

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..... in the current Financial Year 2017-18 continue to register a steady growth. Direct Tax collections, net of refunds, stands at ₹ 2.24 lakh crore which is 17.5% higher than the net collections fo .....

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..... r the corresponding period of the last year. This collection is 22.9% of the total Budget Estimates of Direct Taxes for the Financial Year 2017-18. So far as the Growth Rate for Corporate Income Ta .....

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..... x (CIT) and Personal Income Tax (PIT) in terms of Gross Revenue Collections is concerned, the Growth Rate for CIT is 5.0% while that for PIT (including STT) is 16.0%. However, after adjusting for refu .....

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..... nds, the net growth in CIT collections is 18.1% while that in PIT collections is 16.5%. Refunds amounting to ₹ 74,089 crore have been issued during April, 2017 to August, 2017 which are 7.2% low .....

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..... er than the refunds issued during the corresponding period of Financial Year 2016-17. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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

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