Direct tax collection rose 18% to cross â¹10 tn mark in FY18
The Direct Tax collection has grown by 18% to cross â¹10.02 trillion in the financial year 2017-18, Finance Minister Arun Jaitley has said. He said that demonetisation and GST implementation has resulted in higher formalisation of economy. He added the number of Income Tax Returns filed rose to 6.84 crore during 2017-18, compared to 5.43 crore returns filed in 2016-17. 