PRESS RELEASE
Direct Tax Collections for F.Y.2017-2018show Growth of15.8%upto September, 2017
The provisional figures of Direct Tax collections up to September, 2017 show that net collections are at
Rs. 3.86lakh 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. 9.8lakh 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 grow th in Corporate
Income Tax(CIT) Advance Tax is 8.1% and that in Personal Income Tax(PIT)
Advance Tax is 30.1%.
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