Direct Tax collection at â¹9.95 lakh crore, exceeds FY18 target
The Direct Tax collections for the financial year 2017-18 stood at â¹9.95 lakh crore exceeding the Budget Estimate of â¹9.8 lakh crore, the Finance Ministry announced on Monday. The provisional figure represents a 17.1% increase from the collections for the previous fiscal. The collection from corporate tax went up 17.1% while that from personal income tax rose 18.9%.