Direct tax collections for the financial year 2022-23 have shown significant growth, reaching Rs 6.48 lakh crore by September 8, 2022. This represents a 35.46% increase compared to the same period last year. Net collections, after accounting for refunds, stand at Rs 5.29 lakh crore, marking a 30.17% rise. Notably, refunds issued have also increased substantially by 65.29%.
Direct Tax Collections for F.Y. 2022-23 up to 08.09.2022
The provisional figures of Direct Tax collections up to 8th September, 2022 continue to register steady growth.
Direct Tax collections up to 8th September, 2022 show that gross collections are at Rs. 6.48 lakh crore, which is 35.46% high
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FAQ :
The gross direct tax collection up to 8th September 2022 stands at Rs 6.48 lakh crore.
Gross direct tax collections have increased by 35.46% compared to the corresponding period last year.
Net direct tax collections, after deducting refunds, are Rs 5.29 lakh crore, a 30.17% increase from the previous year.
Refunds amounting to Rs 1.19 lakh crore have been issued between 1st April 2022 and 8th September 2022.
The gross revenue collection for Corporate Income Tax (CIT) has grown by 25.95%, and net growth after refunds is 32.73%.
Personal Income Tax (PIT), including STT, has seen a gross revenue growth of 44.37%, with a net growth of 28.32% after refunds.