Gross direct tax collection grows 25.90% to Rs.13.63 lakh crore for FY 2022-23



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Gross direct tax collections for the financial year 2022-23 have seen a significant increase of 25.90%, reaching Rs.13.63 lakh crore. This figure is up from Rs.10.83 lakh crore in the previous financial year. Net direct tax collections also grew by 19.81% to Rs.11.35 lakh crore. The government has also issued refunds totalling Rs.2.27 lakh crore, a substantial increase from the previous year.

Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90% Net Direct Tax collections for the FY 2022-23 grow at over 19.81% Advance Tax collections for the FY 2022-23 stand at Rs. 5,21,302 crore as on 17.12.2022 which shows a growth of 12.83% Refunds aggre
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FAQ :

The gross direct tax collection for FY 2022-23 reached Rs.13.63 lakh crore, marking a 25.90% growth.

Net direct tax collections for FY 2022-23 grew by 19.81% to Rs.11.35 lakh crore.

Advance tax collections stood at Rs.5.21 lakh crore as of 17.12.2022, showing a growth of 12.83%.

Refunds aggregating to Rs.2.27 lakh crore were issued in FY 2022-23 up to 17.12.2022.

Net direct tax collection includes Rs.6.06 lakh crore from Corporation Tax (CIT) and Rs.5.26 lakh crore from Personal Income Tax (PIT) including Securities Transaction Tax (STT).




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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