Wednesday, October 11, 2017

April-September income tax revenue up 15.8% at Rs 3.86 lakh crore

In the first six months of the current financial year, the Indian income tax department collected Rs. 3.86 lakh crore, which shows an increase of 15.8 percent over the same period last year.

According to the Central Board of Direct Taxes (CBDT), the total budget of the total budget budget for the current financial year has increased by 39.4 per cent in the April-September period.

Temporary statistics for direct tax collections till September, 2017 show that net collection is about Rs. 3.86 lakh crore which is 15.8% more than the same period last year.

During April-September, total collection (before adjusting for refunds) increased 10.3% to Rs. 4.66 lakh crore.

"During the April-September, 2017, funding of Rs 79,660 crore has been released," he added.

Advance tax up to September 30 An amount of 1.77 lakh crore has been received, which shows an increase of 11.5 per cent compared to the advance tax payment for the same period last year.

Corporate Income Tax (CIT) advance tax is 8.1% and personal income tax (PIT) is 30.1% in advance tax.

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