Quick Summary
Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 30% Net Direct Tax collections for the FY 2022-23 have grown at 23% Advance Tax collections for the FY 2022-23 stand at Rs. 2,95,308 crore as on 17.09.2022 which shows a growth of 17% Refunds aggregating to Rs. 1,35,556 crore issued in the current fiscal, higher by 83% over the preceding yea Direct tax collections continue to grow at a robust pace, a clear indicator of the revival of economic activi
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FAQ :
The gross direct tax collection for FY 2022-23 reached £8.36 lakh crore.
The gross direct tax collection grew by 30% compared to the previous financial year.
Net direct tax collections for FY 2022-23 grew by 23% to £7,00,669 crore.
Advance tax collections for FY 2022-23 stood at £2,95,308 crore, showing a 17% growth.
Refunds aggregating to £1,35,556 crore were issued in FY 2022-23, an increase of over 83% from the previous year.
The growth is attributed to economic revival post-pandemic, stable government policies, process simplification, and effective use of technology to plug tax leakage.
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