TMI BlogDirect Tax Collections for F.Y. 2018-19 up to September, 2018 (Half-yearly figures) show that gross collections are at ₹ 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last yearX X X X Extracts X X X X X X X X Extracts X X X X ..... Direct Tax Collections for F.Y. 2018-19 up to September, 2018 (Half-yearly figures) show that gross collections are at ₹ 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year - News and Press Release Dated:- 4-10-2018 - News - The provisional figures of Direct Tax collections up to September, 2018 (Half-yearly figures) show that gross co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llections are at ₹ 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year. It is pertinent to mention that gross collections of the corresponding period of F.Y. 2017-18 also included extraordinary collections under the Income Declaration Scheme(IDS), 2016 amounting to ₹ 10,254 crore (Third and last instalment of IDS), which does not f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orm part of the current year s collection. Refunds amounting to ₹ 1.03 lakh crore have been issued during April, 2018 to September, 2018, which is 30.4% higher than refunds issued during the same period in the preceding year. Net collections (after adjusting for refunds) have increased by 14% to ₹ 4.44 lakh crore during April, 2018 to September, 2018. The net Direct Tax collections ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... represent 38.6% of the total Budget Estimates of Direct Taxes for F.Y. 2018-19 (Rs. 11.50 lakh crore). So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) is concerned, the growth rate of gross collections for CIT is 19.5% while that for PIT (including STT) is 19.1%. After adjustment of refunds, the net growth in CIT collections is 18.7% and that in PIT collec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions is 14.9%. An amount of ₹ 2.10 lakh crore has been collected as Advance Tax, which is 18.7% higher than the Advance Tax collections during the corresponding period of last year. The growth rate of Corporate Advance Tax is 16.4% and that of PIT Advance Tax is 30.3%. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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