Net direct tax collections grow 16% to Rs 3.86 lakh cr in April-Sept

An amount of Rs 1.77 lakh crore has been received as advance tax up to September 30, 2017

The provisional figures of direct tax collections up to September 2017 show that net collections are at Rs 3.86 lakh crore, which is 15.8 per cent higher than the net collections for the corresponding period last year, Central Board of Direct Taxes (CBDT) said on Wednesday. 

The net direct tax collections represent 39.4 per cent of the total budget estimates of direct taxes for 2017-18 (Rs. 9.8 lakh crore). Gross collections (before adjusting for refunds) have increased by 10.3 per cent to Rs. 4.66 lakh crore during April to September, 2017. The refunds amounting to Rs 79,660 crore have