Direct tax collections rise 19% to Rs 6.95 trillion in April-January

The direct tax collection swelled by 19.3 per cent to Rs 6.95 trillion in the first 10 months of the current fiscal year.

The government had estimated the collections to grow by 18.3 per cent for 2017-18 in the Budget. 

If the Budget Estimates are taken into account, growth was projected at 15.3 per cent for the current financial year. 

Finance Minister Arun Jaitley said in Parliament that the figures were attributable to the government's measures against black money. Jaitley said he expected growth rate would be 14-15 per cent.

The collections, net of refunds, represented 69.2 per cent of the Revised Estimates of