Direct tax collection rises 14.1% to Rs 8.74 lakh crore in April-December 2018
Updated : January 14, 2019 06:03 PM IST
Refunds amounting to Rs 1.30 lakh crore have been issued during April to December, 2018, which is 17 percent higher than refunds issued during the same period in the preceding year.
As much as Rs 3.64 lakh crore has been collected as advance tax, which is 14.5 percent higher than the advance tax collections during the same period last year.
The net direct tax collections represent 64.7 percent of the total budget estimates of direct taxes for financial year 2018-19 (Rs 11.50 lakh crore).