News Karnataka
Wednesday, April 17 2024

Direct tax collections up 20% at Rs 11 Lakh cr till Dec 17

Direct tax collections up 20 at Rs 1135754 cr till Dec 17
Photo Credit : IANS

ew Delhi: Direct tax collections stood at Rs 11,35,754 crore, as on Dec 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year, officials said.

The gross collection of direct taxes (before adjusting for refunds) for 2022-23 stood at Rs 13,63,649 crore, compared to Rs 10,83,150 crore recorded in the corresponding period of last year, registering a growth of 25.90 per cent.

Advance tax collections for the current fiscal stood at Rs 5,21,302 crore as on Dec 17, 2022, 12.83 per cent more than last year, according to official sources.

Refunds aggregating Rs 2,27,896 crore were issued in the current fiscal.

Read more:

Direct taxes collections for April-Feb at Rs 7.44 lakh cr, grow 19.5% YoY

Collections up 35.4% in FY23 to Rs 6.4 L-cr till Sep 8

CBDT meets officials to dispel doubts on faceless tax collection

Gross direct tax collections up 30% net collections up 23%

Rising WPI inflation to bring higher road toll collections in FY23: ICRA

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