• market on mobile

Pause Refresh
Home >> News >> Direct tax collections up to Feb
    • Direct tax collections up to Feb

      MoM Team / Mumbai, Mar 10, 2017 01:59 PM IST

        Direct tax collections up to Feb

        The Direct Tax collections up to February, 2017 continue to show a steady growth trend. The collection net of refunds stands at Rs. 6.17 lakh crore, which is 10.7 percent more than the net collections for the corresponding period last year.

        This collection is 72.9 percent of the total Budget Estimates for Direct Taxes for Financial Year 2016-17.

        As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.9 percent while that under PIT (including STT) is 20.8 percent.

        However, after adjusting for refunds, the net growth in CIT collections is 2.6 percent while that in PIT collections is 19.5 percent. Refunds amounting to Rs.1.48 lakh crore have been issued during April 2016- February 2017, which is 40.2 percent higher than the refunds issued during the corresponding period last year.

        Please rate this news :

        2.4 Ratings | 0 Reviews

        Post your comments on this article :

        Login below to leave a comment:

      Source: Capital Market

    Popular Articles

    list of sensex stocks 100 gm silver price currency rate ksa usd inr exchange rate live converter of dollar to rupees today gold price in hyderabad india today saudi riyal price convert indian rupees to kuwaiti dinar inr silver price in india today conversion us dollar to indian rupee adani power ipo price exchange rate of american dollar to indian rupee convert interest rate per annum to monthly australian dollar to indian rs silver and gold price in india today convert currency usd to inr


    Prev. Close : 32272.61
    You need to upgrade your Flash Player
    Prev. Close : 10085.4
    You need to upgrade your Flash Player