Gross direct tax collection grew 15.73 per cent to Rs 6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said on Friday.
Net direct tax collection after adjusting refunds stands at Rs 5.84 lakh crore, which is 17.33 per cent higher than the net collections for the corresponding period of last year.
“The provisional figures of direct tax collections up to 10th August, 2023 continue to register steady growth,” the Central Board of Direct Taxes (CBDT) said in a statement.
The collection is 32.03 per cent of the total budget estimates of direct taxes for current fiscal 2023-24.
Refunds amounting to Rs 69,000 crore have been issued till August 10, which are 3.73 per cent higher than refunds issued during the same period in the preceding year.
Gross Direct Tax collections for FY 2023-24 upto 10th August, 2023 are at Rs. 6.53 lakh crore, higher by 15.73% over gross collections for corresponding period of preceding year.
Net collections at Rs. 5.84 lakh crore are 17.33% higher than net collections for the corresponding… pic.twitter.com/bUbsub5kwH
— Income Tax India (@IncomeTaxIndia) August 11, 2023
