New Delhi: Direct Tax collection, net of refunds, stands at ₹8.65 lakh crore, which is 23.51% higher than the net collections for the corresponding period of last year
The Union finance ministry on Monday reported 18.29% annualised growth in the gross direct tax revenues at ₹9.87 lakh crore in the current financial year as on September 16, 2023, a finance ministry statement said.
Direct Tax collection, net of refunds, stands at ₹8.65 lakh crore, which is 23.51% higher than the net collections for the corresponding period of last year.
The net collections of ₹8,65,117 crore, include Corporation Tax (CIT) at ₹4,16,217 crore (net of refund) and Personal Income Tax (PIT) including Securities Transaction Tax (STT) at ₹4,47,291 crore (net of refund).
The gross collection of ₹9,87,061 crore includes Corporation Tax (CIT) at ₹4,71,692 crore and Personal Income Tax (PIT) including Securities Transaction Tax (STT) at ₹5,13,724 crore, it said.
“Minor head wise collection comprises advance tax of ₹3,55,481 crore; tax deducted at source (TDS) of ₹5,19,696 crore; self-assessment tax of ₹82,460 crore; regular assessment tax of ₹21,175 crore; and tax under other minor heads of ₹8,248 crore,” it said.
