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Direct Tax collection increases by 15.12%!

Updated on: 09 Aug, 2023 11:39 AM

The CBDT in its Press Release on 9th December, 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.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.