Direct tax collections have shown robust growth, reaching £18.38 lakh crore as of 10th February 2024. This represents a significant 17.30% year-on-year increase in gross collections. Net collections, after accounting for refunds, stand at £15.60 lakh crore, marking an even more impressive 20.25% rise compared to the previous year. These figures indicate that collections have reached 80.23% of the revised estimates for the fiscal year 2023-24.
Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024
Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024
Direct Tax collection, Net of refunds, stands at Rs. 15.60 lakh crore with Y-
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FAQ :
Gross direct tax collections up to 10th February 2024 stand at £18.38 lakh crore.
Gross direct tax collections have seen a year-on-year growth of 17.30%.
Net direct tax collections, after the adjustment of refunds, are £15.60 lakh crore.
Net direct tax collections have grown by 20.25% year-on-year.
Refunds amounting to £2.77 lakh crore have been issued between 1st April 2023 and 10th February 2024.
The direct tax collections have reached 80.23% of the total Revised Estimates for FY 2023-24.