Direct Tax Collections for F.Y. 2018-19 up to September, 2018 (Half-yearly figures) show that gross collections are at 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year

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....irect Tax Collections for F.Y. 2018-19 up to September, 2018 (Half-yearly figures) show that gross collections are at 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year <br>News and Press Release<br>Dated:- 4-10-2018<br><BR>The provisional figures of Direct Tax collections up to September, 2018 (Half-yearly figures) show that gross collection....

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....s are at &#8377; 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year. It is pertinent to mention that gross collections of the corresponding period of F.Y. 2017-18 also included extraordinary collections under the Income Declaration Scheme(IDS), 2016 amounting to &#8377; 10,254 crore (Third and last instalment of IDS), which does not form part....

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.... of the current year's collection. Refunds amounting to &#8377; 1.03 lakh crore have been issued during April, 2018 to September, 2018, which is 30.4% higher than refunds issued during the same period in the preceding year. Net collections (after adjusting for refunds) have increased by 14% to &#8377; 4.44 lakh crore during April, 2018 to September, 2018. The net Direct Tax collections represent ....

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....38.6% of the total Budget Estimates of Direct Taxes for F.Y. 2018-19 (Rs. 11.50 lakh crore). So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) is concerned, the growth rate of gross collections for CIT is 19.5% while that for PIT (including STT) is 19.1%. After adjustment of refunds, the net growth in CIT collections is 18.7% and that in PIT collections is 14.....

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....9%. An amount of &#8377; 2.10 lakh crore has been collected as Advance Tax, which is 18.7% higher than the Advance Tax collections during the corresponding period of last year. The growth rate of Corporate Advance Tax is 16.4% and that of PIT Advance Tax is 30.3%.<BR> News - Press release - PIB....