"Provisional figures of direct tax collections up to November, 2017 show that net collections are at Rs 4.8 lakh crore which is 14.4 per cent higher than the net collections for corresponding period of last year," the Central Board of Direct Taxes (CBDT) said in a series of tweets.
"Net direct tax collections represent 49 per cent of total budget estimates of direct taxes for FY 2017-18 (Rs 9.8 lakh crore)."
According to the CBDT, gross collections have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017. Refunds amounting to Rs 1.02 lakh crore have been issued during April-November, 2017.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.