Government of India
                               Ministry of Finance
                            Department of Revenue
                          Central Board of Direct Taxes

                                                   New Delhi, 09th August, 2017.


                               PRESS RELEASE


           Direct Tax Collections up to July, 2017 show Growth of 19.1%

       The Direct Tax collections up to July, 2017 continue to register steady
growth. Direct Tax collection, net of refunds, stands at Rs. 1.90 lakh crore which
is 19.1% higher than the net collections for the corresponding period of last year.
This collection is 19.5% of the total Budget Estimates of Direct Taxes for the
Financial Year 2017-18.






       So far as the growth rate for Corporate Income Tax (CIT) and Personal
Income Tax (PIT) in terms of gross revenue collections is concerned, the growth
rate for CIT is 7.2% while that for PIT (including STT) is 17.5%. However, after
adjusting for refunds, the net growth in CIT collections is 23.2% while that in PIT
collections is 15.7%. Refunds amounting to Rs. 61,920 crore have been issued
during April, 2017 to July, 2017 which are 5.1% lower than the refunds issued
during the corresponding period of Financial Year 2016-17.




                                                         (Surabhi Ahluwalia)
                                                    Commissioner of Income Tax
                                                     (Media & Technical Policy)
                                                    Official Spokesperson, CBDT