Direct Tax collection increases by 15.12%!

The CBDT in its Press Release on 9thDecember, 2016 revealed figures for Direct Tax Collections up to November, 2016 which amounts to Rs. 4.12 lakh crore and is comparatively 15.12% more than the net collections for the corresponding period last year.

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.

Further, it was also revealed that almost 48.67% of the total budget estimate for FY 2016-17 has been achieved.

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