KV Network

Net direct tax revenue jumps 9 pc to Rs 10.82 lakh cr till Sep 17

Net direct tax revenue jumps 9 pc to Rs 10.82 lakh cr till Sep 17
Decrease Font Size Increase Font Size Text Size Print This Page

NEW DELHI, Sep 18 (PTI): Net direct tax collection grew 9.18 per cent so far this fiscal to over Rs 10.82 lakh crore due to higher advance tax mop-up from corporates and slower refunds.

Refund issuances dropped 24 per cent to Rs 1.61 lakh crore between April 1 and September 17.

During the period, corporate advance tax collection increased 6.11 per cent to over Rs 3.52 lakh crore. However, non-corporate advance tax mop-up declined 7.30 per cent to Rs 96,784 crore.