The provisional figures
of Direct Tax collections up to September, 2017 show that net
collections are at Rs. 3.86 lakh crore which is 15.8% higher than the
net collections for the corresponding period of last year. Net Direct
Tax collections represent 39.4% of the total Budget Estimates of Direct
Taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore). Gross collections (before
adjusting for refunds) have increased by 10.3% to Rs. 4.66 lakh crore
during April to September, 2017. Refunds amounting to Rs.79,660 crore
have been issued during April to September, 2017.
An amount of Rs. 1.77 lakh crore has been received as Advance Tax up to
30th September, 2017 reflecting a growth of 11.5%over the Advance Tax
payments of the corresponding period of last year. The growth in
Corporate Income Tax(CIT) Advance Tax is 8.1% and that in Personal
Income Tax(PIT) Advance Tax is 30.1%.