Direct tax collections slip 25% on YoY basis at Rs 4.95 lakh crore

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The net direct tax collections even after receiving the third installment of advance tax collections look very dismal, according to sources. The net direct tax collection between April until December 16 are down by 25 percent at Rs 4.95 lakh crore.

Last year, during the same period the collection was around Rs 6.80 lakh crore. However, sources say that these figures are set to get revised for this year because the final collection number will get reflected only by end of December 17.

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