Page 4 - Direct Tax Collection
Confident to go past direct tax collection target of Rs 9.80 lakh: CBDT
The advance tax of the individual assessees rose by 30 per cent, which is quite heartening for the department, CBDT Chairman Sushil Chandra said
 "Confident to go past direct tax collection target of Rs 9.80 lakh: CBDT")
Direct tax collection rises 15% to Rs 4.39 lakh cr in Apr-Oct
Refunds amounting to Rs 89,507 crore were issued during the seven month period
Direct tax collection falls in Aug
Personal income tax more than halved to Rs 15,392 crore, from Rs 32,631 crore in July
 "Direct tax collection falls in Aug")
Mumbai zone direct tax collection flat in H1 FY17
Income tax mop-up from the metropolis remained flat during the first half of this fiscal at Rs 98,683 crore, primarily due to poor show by banking and pharma sectors as well as higher refunds. Income tax mop-up had stood at Rs 97,499 crore in the year-ago period. At the national level, the direct tax kitty swelled by close to 9 per cent to Rs 3.27 trillion during the first six months of the current financial year. While the total refunds jumped by 27 per cent nationally to Rs 86,491 crore, the Mumbai zone saw refunds of Rs 36,690 crore, from Rs 28,395 crore a year ago, indicating a growth of 29.2 per cent. The tepid collection from the megapolis, which saw only 1.21 per cent growth, was due to the fact that the Mumbai zone, which accounts for 35 per cent of the overall direct tax collection, saw huge refunds, according to tax department officials. The Income Tax Department now has to make refunds to assessees within three months of an order issued by authorities like a court or ..
