Direct tax collection rises 14.1% in April-December period
The gross direct tax collection during April-December 2018 stood at â¹8.74 lakh crore, registering a 14.1% rise from the corresponding period last year. The Income Tax Department issued â¹1.30 lakh crore of refunds, 17% more than refunds issued during the same period a year ago. The net collection after refunds rose 13.6% from the year-ago period to â¹7.43 lakh crore.