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Direct Tax Collections at Rs 6.75 Lakh cr Till November

Direct Tax Collections at Rs 6.75 Lakh cr Till November

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  11 Dec 2018 6:05 AM GMT

New Delhi: Showing an increase of 15.7 per cent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday.

This was despite a 50 per cent rise in filing of income-tax returns over the last year. The government said the collections in the corresponding period of the last fiscal included collections under the Income Declaration Scheme amounting to Rs 10,833 crore, which do not form part of the current year’s collections.

Of the total tax collected, refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8 per cent higher than refunds issued during the same period in the preceding year, the Finance Ministry said in an official statement. (IANS)

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