Direct Tax Collections for F.Y. 2022-23 up to 10-01-2023 show 24.58% growth: CBDT
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- By Chetan Kulasri
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- Last Updated on 13 January, 2023
Latest from Taxmann
Press Release, dated 11-01-2023
The CBDT has released the figures of direct tax collections up to 10th January 2023. The gross collections are at Rs. 14.71 lakh crore which is 24.58% higher than the gross collections for the corresponding period of last year.
The growth rate for Corporate Income Tax (CIT) is 19.72% and Personal Income Tax (PIT) is 30.46%. After the adjustment of refunds, the net growth in CIT collections is 18.33% and that in PIT collections is 21.64% (PIT only)/ 20.97% (PIT including STT).
Refunds amounting to Rs.2.40 lakh crore have been issued from 1st April 2022 to 10th January 2023, which are 58.74% higher than refunds issued during the same period in the preceding year.
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