
Gross direct tax collection jumps 26% to ₹13.63 lakh cr for FY23
The net direct tax collection grew 19.81% year-on-year to ₹11,35,754 crore during the ongoing financial year.
The net direct tax collection grew 19.81% year-on-year to ₹11,35,754 crore during the ongoing financial year.
FinMin says July 31, 2022, marked the highest filing of ITRs in one day at 72.42 lakh, while throughout the month, 5.13 crore returns were filed.
The direct tax collection, net of refunds, was up 16.3% at ₹7.45 lakh crore, compared to the corresponding period last year.
Revenue secretary Tarun Bajaj says gross tax collections soared to a record high of ₹27.07 lakh crore in FY22.
The net direct tax collection as on March 16 stands at ₹13,63,038 crore, up 48.4% from ₹9,18,430.5 crore in the corresponding period of the previous financial year.