Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal
1 year, 10 months ago

Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal

Hindustan Times  

Gross direct tax collections grew 24 per cent to ₹15.67 lakh crore so far this fiscal, the finance ministry said on Saturday. After adjusting for refunds, the net direct tax collection stood at ₹12.98 lakh crore, a growth of 18.40 per cent. Direct tax collections up to 10th February, 2023 show that gross collections are at ₹15.67 lakh crore which is 24.09 per cent higher than the gross collections for the corresponding period of last year," Central Board of Direct Taxes said in a statement. In the current fiscal, the revenues from direct tax are projected to grow by over 17 per cent compared to 2021-22 fiscal when the collection was ₹14.08 lakh crore.

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