Jan 07, 2019
HomeBIZ WRAPEconomy and PoliticsStory Direct tax mop up rises 14.1% to Rs 8.74 lakh crore in Apr-Dec 2018
Direct tax mop up grew 14.1 per cent to Rs 8.74 lakh crore during April-December 2018, Finance Ministry said Monday. Refunds amounting to Rs 1.30 lakh crore have been issued during April to December, 2018, which is 17 per cent higher than refunds issued during the same period in the preceding year. As much as Rs 3.64 lakh crore has been collected as advance tax, which is 14.5 per cent higher than the advance tax collections during the same period last year.