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<h1>India's Direct Tax Collections Rise 15.03% to Rs. 1.89 Lakh Crore by August 2016; PIT Jumps 31.76% Post-Refunds.</h1> Direct tax collections in India up to August 2016 reached Rs. 1.89 lakh crore, marking a 15.03% increase compared to the same period the previous year. By this time, 22.30% of the budget estimates for direct taxes for the fiscal year 2016-17 had been achieved. Corporate Income Tax (CIT) gross revenue grew by 11.55%, while Personal Income Tax (PIT) saw a 24.06% increase. After refunds, net CIT collections decreased by 1.89%, whereas PIT collections increased by 31.76%. Refunds issued totaled Rs. 77,080 crore, a 22.18% rise from the previous year.
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