Direct tax collections up 16% in Apr-Sept
Direct tax collections for April-September rose 15.8 per cent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said.
The net direct tax collections constitute 39.4 per cent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for FY18. The provisional figures of direct tax up to September 2017 show that net collections stood at Rs 3.86 lakh crore, which is 15.8 per cent higher than the corresponding period last year, the finance ministry said in a statement.
Advance tax collections till September stood at Rs 1.77 lakh crore, reflecting a 11.5 per cent growth over the same period a year ago.