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Direct Tax Collections for November, 2016 show Growth of 15.12 %

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..... Direct Tax Collections for November, 2016 show Growth of 15.12 % - News and Press Release Dated:- 9-12-2016 - News - Government of India Ministry of Finance Department of Revenue Cen .....

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..... tral Board of Direct Taxes New Delhi, 09 December, 2016. PRESS RELEASE Sub: Direct Tax Collections for November, 2016 show Growth of 15.12 % The figures for Direct Tax collection .....

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..... s up to November, 2016 show that net collections are at ₹ 4.12 lakh crore which is 15.12% more than the net collections for the corresponding period last year. This collection is 48.67% of .....

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..... the total Budget Estimates of Direct Taxes for F.Y. 2016-17. As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the gr .....

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..... owth rate under CIT is 11.22% while that under PIT (including STT) is 22.41%. However, after adjusting for refunds, the net growth in CIT collections is 8.75% while that in PIT collections is 2 .....

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..... 3.89%. Refunds amounting to Rs.1,05,561 crore have been issued during April-November, 2016, which is 17.35% higher than the refunds issued during the corresponding period last year. (Meenakshi .....

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..... J.Goswami) Commissioner of Income Tax (Media and Technical Policy) Official Spokesperson, CBDT. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanage .....

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..... ment - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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