Quick Summary
Direct Tax collections (provisional) for the Financial Year (FY) 2022-23 exceed the Union Budget Estimates by Rs 2.41 lakh crore i.e. by 16.97% Direct Tax collections (provisional) for the FY 2022-23 exceed Revised Estimates by 0.69% Gross Direct Tax collections (provisional) for the FY 2022-2
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FAQ :
Direct tax collections for FY 2022-23 exceeded the Union Budget estimates by approximately 16.97%, which translates to Rs 2.41 lakh crore.
Provisional net direct tax collections for FY 2022-23 stood at Rs 16.61 lakh crore.
Net direct tax collections for FY 2022-23 showed a growth of 17.63% compared to Rs 14.12 lakh crore in FY 2021-22.
Provisional gross direct tax collections for FY 2022-23 were Rs 19.68 lakh crore.
Refunds aggregating to Rs 3,07,352 crore were issued in FY 2022-23.
Yes, gross corporate tax collection grew by 16.91% and gross personal income tax collection grew by 24.23% in FY 2022-23 compared to the preceding year.
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