Net direct tax collection up to now this fiscal grew 17 per cent to succeed in Rs 13.73 lakh crore, which is 83 per cent of the revised goal for the total monetary 12 months, the Central Board of Direct Taxes (CBDT) stated on Saturday.
The progress in direct tax mop-up, which includes private earnings tax and company taxes, was pushed by PIT collections.
On a gross foundation, the collection grew 22.58 per cent to Rs 16.68 lakh crore.
Refunds amounting to Rs 2.95 lakh crore have been issued throughout April 1, 2022 to March 10, 2023, that are 59.44 per cent larger than refunds issued throughout the identical interval within the previous 12 months.
Direct tax collection, web of refunds, stands at Rs 13.73 lakh crore which is 16.78 per cent larger than the online collections for the corresponding interval of final 12 months.
This collection is 96.67 per cent of the entire finances estimates and 83.19 per cent of the entire revised estimates of direct taxes for the monetary 12 months 2022-23, the CBDT stated in an announcement.
After adjustment of refunds, the online progress in CIT (Corporate Income Tax) collections is 13.62 per cent and that in PIT (Personal Income Tax) collections together with STT (Securities Transaction Tax) is 20.06 per cent, it stated.
(Only the headline and film of this report could have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
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