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The Centre’s net direct tax collections grew 14.8 per cent in April-June 2017 at ₹1.42 lakh crore. This collection level represents 14.5 per cent of the total budget estimate of direct taxes for 2017-18 (₹9.8 lakh crore).
Net corporate income tax (CIT) collection grew 22.4 per cent, while personal income tax recorded 8.5 per cent for the quarter under review.
Gross CIT grew 4.8 per cent, personal income tax including securities transaction tax (STT) grew 12.9 per cent.
Refunds amounting to ₹55,520 crore have been issued during April-June 2017, which is 5.2 per cent lower than the refunds issued during corresponding period last year, an official release said.
Advance tax The Centre has up to June 30 this fiscal received an advance tax of ₹58,783 crore, reflecting a growth of 11.9 per cent over the advance tax received in the same period last year.
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