Quick Summary
Provisional figures of Direct Tax collections for FY 2023-24 register steady growth upto 9th July 2023 The provisional figures of Direct Tax collections up to 9thJuly, 2023 continue to register steady growth. Direct Tax collections up to 9thJuly, 2023 show that gross collections are at Rs. 5.17 l
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FAQ :
Direct tax collections have grown by 14.65% up to 9th July 2023 for FY 2023-24.
Gross direct tax collections reached Rs. 5.17 lakh crore up to 9th July 2023.
Net direct tax collections, after refunds, have increased by 15.87% compared to the corresponding period last year.
The current collection represents 26.05% of the total Budget Estimates for Direct Taxes for FY 2023-24.
Refunds amounting to Rs. 42,000 crore have been issued between 1st April 2023 and 9th July 2023.
Yes, refunds issued are 2.55% higher than those issued during the same period in the preceding year.
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