india direct tax collections

Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23

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Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23

India’s direct tax collections stood at Rs. 14.71 lakh crore for FY 2022-23 up to January 10, 2023, which is 24.58% higher than the gross collections for the corresponding period of last year, government data released on Wednesday showed. Direct tax collection, net of refunds, stands at Rs. 12.31 lakh crore, which is 19.55 % … Read more

Net direct tax revenue up 20%, gross mop-up rises 26% to ₹13.63 lakh crore

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Net direct tax revenue up 20%, gross mop-up rises 26% to ₹13.63 lakh crore

Image for representation purpose only. | Photo Credit: Reuters India’s net direct tax collections in 2022-23 surpassed the ₹11-lakh crore mark by December 17, reflecting a 19.8% uptick over last year, the Central Board of Direct Taxes said on Sunday. Last year, in the corresponding period, it was ₹9,47,959 crore.  “The net direct tax collection … Read more