Gross direct Tax Collections 14.1% higher than the last year

Jan 07,2019

Government releases provisional figures of Direct Tax collections up to December, 2018 showing 14.1% increase in gross collections compared to corresponding period of last year; Further, refunds amounting to Rs. 1.30 lakhs Cr have been issued upto Dec 2018 shwoing increase of 17% as compared to last year;  Net Direct Tax collections represent 64.7% of the total Budget Estimates of Direct Taxes for F.Y. 2018-19 i.e. Rs. 11.50 lakh crore; So far as the growth rate for Corporate I...

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