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of <h1>India's Direct Tax Collections Surge 18.2% to Rs. 6.56 Lakh Crore in FY 2017-18 by December 2017.</h1> Direct tax collections in India for the fiscal year 2017-2018 showed an 18.2% increase up to December 2017, reaching Rs. 6.56 lakh crore. This amount represents 67% of the total budgeted direct tax revenue of Rs. 9.8 lakh crore for the year. Gross collections rose by 12.6% to Rs. 7.68 lakh crore, with refunds issued totaling Rs. 1.12 lakh crore. Advance Tax collections amounted to Rs. 3.18 lakh crore, marking a 12.7% growth compared to the previous year. Corporate Income Tax Advance Tax grew by 10.9%, while Personal Income Tax Advance Tax increased by 21.6%.
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