Quick Summary
Direct Tax Collections for F.Y. 2023-24 up to 10.08.2023
The provisional figures of Direct Tax collections up to 10th August, 2023 continue to register steady growth. Direct Tax collections up to 10th August, 2023 show that gross collections are at Rs. 6.53 lakh crore which is 15.73% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. 5.84 lakh crore which is 17.33% higher than the net collections for the corresponding period of last year. This collection is 32.03% of the total Budget Estimates of Direct Taxes for F.Y. 2023-24.
Refunds amounting to Rs. 0.69 lakh crore have been issued during 1st April, 2023 to 10th August, 2023, which are 3.73% higher than refunds issued during the same period in the preceding year.
FAQ :
The provisional gross direct tax collections up to August 10, 2023, amount to Rs 6.53 lakh crore.
Gross direct tax collections have grown by 15.73% compared to the corresponding period of the previous year.
Net direct tax collections, after deducting refunds, stand at Rs 5.84 lakh crore.
Net direct tax collections have shown a growth of 17.33% compared to the same period last year.
Refunds amounting to Rs 0.69 lakh crore have been issued between April 1, 2023, and August 10, 2023.
The current collection represents 32.03% of the total Budget Estimates for Direct Taxes for the financial year 2023-24.
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