Net Direct Tax Collections Exceed 9.57 Lakh Crore, Marking a 21.82% Increase Compared to the Previous Year | CBDT
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- Last Updated on 12 October, 2023
Latest from Taxmann
Press Release dated 10-10-2023
The Central Board of Direct Taxes (CBDT) has released provisional figures of Direct Tax collections up to 09th October 2023. Direct Tax collections show that gross collections are at Rs. 11.07 lakh crore, which is 17.95% higher than the gross collections for last year’s comparable period.
Further, Direct Tax collection, net of refunds, stands at Rs. 9.57 lakh crore, which is 21.82% higher than the net collections for last year’s comparable period. This collection is 52.50% of the total Budget Estimates of Direct Taxes for FY 2023-24.
Furthermore, Corporate Income Tax (CIT) and Personal Income Tax (PIT) have registered a growth rate of 7.30% and 29.53% respectively.
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