Quick Summary
Direct Tax Collections for F.Y. 2023-24 up to 9th October, 2023 show an increase over comparable period of last year Gross Direct Tax Collection higher by 17.95% Direct Tax Collection (net of refunds) higher by 21.82% Refunds amounting to Rs. 1.50 lakh crore issued during 1st April, 2023 to 09th October 2023. The provisional figures of Direct Tax collections up to 09thOctober, 2023 continue to register steady growth, with gross collections at Rs. 11.07 lakh crore, which is 17.95%
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FAQ :
Gross direct tax collections have grown by 17.95% up to 9th October 2023, compared to the same period last year.
Net direct tax collections, after deducting refunds, have increased by 21.82% up to 9th October 2023.
Refunds amounting to Rs. 1.50 lakh crore have been issued between 1st April 2023 and 9th October 2023.
The collections up to 9th October 2023 represent 52.50% of the total Budget Estimates for Direct Taxes for FY 2023-24.
Gross CIT collections grew by 7.30%, while gross PIT collections grew by 29.53% (or 29.08% including STT). Net growth for CIT was 12.39% and for PIT was 32.51% (or 31.85% including STT).
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