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of <h1>Direct Tax Collections Surge 19.5% in FY 2017-18, Reaching Rs. 7.44 Lakh Crore by February 2018.</h1> Direct Tax collections for the fiscal year 2017-2018 have shown a 19.5% increase up to February 2018, reaching Rs. 7.44 lakh crore, compared to the same period the previous year. This figure represents 74.3% of the Revised Estimates for Direct Taxes for the year, set at Rs. 10.05 lakh crore. Gross collections, before refunds, rose by 14.5% to Rs. 8.83 lakh crore. Refunds issued amounted to Rs. 1.39 lakh crore. Corporate Income Tax collections grew by 19.7%, while Personal Income Tax collections increased by 18.6%.
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