Monday, January 7, 2019

Direct tax collections grew by 14 percent

Center's net direct tax collection grew 13.6 per cent in April-December 2018 to Rs 7.43 lakh crore.

The net direct tax collections represent 64.7 per cent of the total Budget Estimates of Direct Taxes for financial year 2018-19.

Gross collections up to end-December this fiscal stood at Rs 8.74 lakh crore, up 14.1 per cent over the gross collections for the corresponding period of last year.

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