Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore - 24.09% higher than gross collections for  corresponding period of last year as on 10.02.2023

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..... Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore - 24.09% higher than gross collections for  corresponding period of last year as on 10.02.2023 - News and Press Release Dated:- 13-2-2023 - News - Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore - 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023 Direct Tax colle .....

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..... ction, net of refunds, stands at ₹12.98 lakh crore - 18.40% higher than net collections for corresponding period of last year The provisional figures of Direct Tax collections up to 10 th February, 2023 continue to register steady growth. Direct Tax collections up to 10 th February, 2023 show that gross collections are at Rs. 15.67 lakh crore which is 24.09% higher than the gross colle .....

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..... ctions for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. 12.98 lakh crore which is 18.40% higher than the net collections for the corresponding period of last year. This collection is 91.39% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23 and 78.65% of the Revised Estimates of Direct Taxes for F.Y. 2022-23. So far as the growth rate f .....

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..... or Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections is concerned, the growth rate for CIT is 19.33% while that for PIT (including STT) is 29.63%. After adjustment of refunds, the net growth in CIT collections is 15.84% and that in PIT collections is 21.93% (PIT only)/ 21.23% (PIT including STT). Refunds amounting to Rs. 2.69 lakh crore have been iss .....

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..... ued during 1 st April, 2022 to 10 th February 2023, which are 61.58% higher than refunds issued during the same period in the preceding year. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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