Total direct tax collections up to 16th January 2017 amount to ₹ 5,76,408 crore. For the financial year 2017-18, the Budget Estimates fixed for direct taxes are ₹ 9,80,000 crore.

As per Receipt Budget 2017-18, the Budget Estimates for direct taxes have been fixed at ₹ 9,80,000 crore, including ₹ 5,38,745 crore for Corporation Tax and ₹ 4,41,255 crore for Taxes on Income.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Direct tax collections and budget estimates set for the fiscal year, with allocations between corporation tax and income tax. Total direct tax receipts through 16 January 2017 are reported at Rs. 5,76,408 crore. The Budget Estimates for 2017-18 fix direct tax receipts at Rs. 9,80,000 crore, allocated as Rs. 5,38,745 crore for Corporation Tax and Rs. 4,41,255 crore for Taxes on Income, as disclosed in a written parliamentary reply by the Minister of State for Finance.