Direct tax collection up 19% to â¹1.9 lakh crore in Apr-Jul
Finance Ministry has said that direct tax collections jumped 19.1% in the first four months of the current fiscal. The collection which totalled â¹1.9 lakh crore, is 19.5% of the Budget estimate of direct tax for 2017-18. Earlier, the government said that demonetisation and Operation Clean Money resulted in a nearly 25% increase in filing of Income Tax Returns.