Direct Tax collections from 2018 Apr to Nov reached 48% of the estimate

The government has collected Rs. 5.51 lakh crore which is 48 percent of the total budget estimate (Rs 11.50 lakh crore).
Gross collections are 15.7 per cent higher than the gross collections for the corresponding period of last year.
Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8 per cent higher than refunds issued in the same period last year.