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Last Updated: (*17*)March 19, 2024, 21:15 IST
Direct Tax Collection Grows 20 Pc to Rs 18.90 Lakh Cr Till Mar 17 – News18
On a gross foundation, earlier than adjusting refunds, the direct tax assortment stood at Rs 22.27 lakh crore. (Representative Image)
On a gross foundation, earlier than adjusting refunds, the direct tax assortment stood at Rs 22.27 lakh crore, an 18.74 per cent progress over the yr-in the past interval
The internet direct tax assortment grew 19.88 per cent to over Rs 18.90 lakh crore until March 17, the revenue tax division mentioned on Tuesday.
The internet direct tax assortment of Rs 18,90,259 crore(as of March 17) contains Corporation Tax (CIT) at Rs 9,14,469 crore (internet of refund) and Personal Income Tax (PIT), together with Securities Transaction Tax (STT) at Rs 9,72,224 crore (internet of refund).
Refunds amounting to about Rs 3.37 lakh crore have additionally been issued within the present fiscal until March 17.
On a gross foundation, earlier than adjusting refunds, the direct tax assortment stood at Rs 22.27 lakh crore, an 18.74 per cent progress over the yr-in the past interval.
“The provisional figures of Direct Tax collections for the Financial Year 2023-24 (as of March 17, 2024) show that net collections are at Rs 18,90,259 crore, compared to Rs 15,76,776 crore in the corresponding period of the preceding Financial Year (FY 2022-23), representing an increase of 19.88 per cent,” the Central Board of Direct Taxes (CBDT) mentioned in an announcement.
The authorities had within the revised estimates for direct tax assortment pegged the receipts for the complete fiscal (April-March) at Rs 19.45 lakh crore.
