In another boost for the Narendra Modi government on economic front, the data from the Central Board of Direct Taxes (CBDT) shows that the direct tax collections have increased by 14.4 per cent in the first half of this fiscal.

According to latest figures of the CBDT, the direct tax revenue for April-November period was Rs 4.8 lakh crore.

"The provisional figures of Direct Tax collections up to November, 2017 show that net collections are at Rs 4.8 lakh crore, which is 14.4 per cent higher than the net collections for the corresponding period of last year," the CBDT said in a statement.

It further states that the net direct tax collections represented 49 per cent of the total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).

The gross collections (before adjusting for refunds) have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017.

Refunds amounting to Rs 1.02 lakh crore have been issued during April-November, 2017, it added.

(With PTI inputs)

Boost for Modi govt as direct tax collections rise 14 per cent in first 6 months

Direct tax collections for the first half of the fiscal have increased by over 14 per cent.