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TMI BlogDirect Tax Collections up to February, 2017 show growth of 10.7%X X X X Extracts X X X X X X X X Extracts X X X X ..... Direct Tax Collections up to February, 2017 show growth of 10.7% - News and Press Release Dated:- 10-3-2017 - News - Direct Tax Collections up to February, 2017 show growth of 10.7% Net growth i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Corporate Income Tax at 2.6% Net growth in Personal Income Tax at 19.5% The Direct Tax collections up to February, 2017 continue to show a steady growth trend. The collection net of refunds ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stands at ₹ 6.17 lakh crore, which is 10.7 % more than the net collections for the corresponding period last year. This collection is 72.9 % of the total Budget Estimates for Direct Taxes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for Financial Year 2016-17. As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.9% wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ile that under PIT (including STT) is 20.8 %. However, after adjusting for refunds, the net growth in CIT collections is 2.6 % while that in PIT collections is 19.5 %. Refunds amounting to Rs.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .48 lakh crore have been issued during April 2016- February 2017, which is 40.2% higher than the refunds issued during the corresponding period last year. - News - Press release - PIB Tax Manage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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