India’s internet direct tax collections had risen 17.33% as of August 10, with a kitty of ₹5.84 lakh crore that constitutes 32.03% of the full Budget Estimates from direct taxes in 2023-24.
Gross direct tax collections stood at ₹6.53 lakh crore, as of August 10, 15.73% larger than the income within the year-earlier interval. Refunds issued to taxpayers up to now this 12 months stand at ₹69,000 crore, 3.73% larger than this time final 12 months.
The direct tax kitty was boosted by a document 6.77 crore Income Tax Returns that have been filed by the July 31 deadline this 12 months, 16.1% larger than a 12 months earlier.
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