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of <h1>Direct Tax Collections Surge by 14.4% in FY 2017-18, Achieving 49% of Budget Estimate by November.</h1> Direct tax collections for the financial year 2017-18 up to November 2017 reached Rs. 4.8 lakh crore, marking a 14.4% increase compared to the same period the previous year. These net collections account for 49% of the total budget estimate of Rs. 9.8 lakh crore for direct taxes for the year. Gross collections, before refunds, rose by 10.7% to Rs. 5.82 lakh crore from April to November 2017. Refunds totaling Rs. 1.02 lakh crore were issued during this period.
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