New Delhi, Jan 9 - India's direct tax collection between April and December in the current fiscal at Rs 6.56 lakh crore was 18.2% higher than for the corresponding period last year, according to an official announcement.
A Finance Ministry statement said the collections till December represent 67% of the total budget estimates for direct taxes for fiscal 2017-18.
"Provisional figures of direct tax collections up to December 2017 show that net collections are at Rs 6.56 lakh crore, which is 18.2% higher than the net collections for the corresponding period of last year," the Ministry tweeted.
"Net direct tax collections represent 67% of total budget estimates of direct taxes for FY 2017-18 (Rs 9.8 lakh crore)," the release said here.
According to the Central Board of Direct Taxes (CBDT), gross collections before adjusting for refunds have increased by 12.6% to Rs 7.68 lakh crore during April-December 2017. Refunds amounting to Rs 1.12 lakh crore have been issued during this period.
A total of Rs 3.18 lakh crore has been received as advance tax till December, reflecting a growth of 12.7% on this count over the corresponding period of last year, the statement said.
"The growth in corporate income tax advance tax is 10.9% and that in personal income tax advance tax is 21.6%," it added.