Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, 7th November, 2017.

PRESS RELEASE

Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up to October, 2017

The provisional figures of Direct Tax collections up to October, 2017 show that net collections are at ₹ 4.39 lakh crore which is 15.2% higher than the net collections for the corresponding period of last year. Net Direct Tax collections represent 44.8% of the total Budget Estimates of Direct Taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore). Gross collections (before adjusting for refunds) have increased by 10.7% to Rs.5.28 lakh crore during April-October, 2017. Refunds amounting to ₹ 89,507 crore have been issued during April, 2017 to October, 2017.

(Surabhi Ahluwalia)

Commissioner of Income Tax

(Media & Technical Policy)

Official Spokesperson, CBDT.

Direct tax collections growth reflects stronger revenue mobilisation and a significant share of budgeted direct tax estimates. Provisional net direct tax collections for April-October 2017-18 increased 15.2% year on year to Rs. 4.39 lakh crore, constituting 44.8% of the Budget Estimate; gross collections rose 10.7% to Rs. 5.28 lakh crore and refunds of Rs. 89,507 crore were issued during the period.