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The provisional figures of Direct Tax collections up to 10thNovember, 2022 continue to register steady growth. Direct Tax collections up to 10thNovember, 2022 show that gross collections are at Rs. 10.54 lakh crore which is 30.69% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. 8.71 lakh crore which is 25.71 % higher than the net collections for the corresponding period of last year. This collection is 61.31% of th
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FAQ :
The gross direct tax collections up to November 10th, 2022, stand at Rs. 10.54 lakh crore.
This amount is 30.69% higher than the gross collections for the corresponding period of the previous year.
Net direct tax collections, after the adjustment of refunds, are Rs. 8.71 lakh crore, showing a 25.71% increase compared to the same period last year.
The current collections represent 61.31% of the total Budget Estimates for Direct Taxes for the fiscal year 2022-23.
The gross revenue collection growth rate for CIT is 22.03%, while for PIT (including STT) it is 40.64%.
Refunds amounting to Rs. 1.83 lakh crore have been issued between April 1st, 2022, and November 10th, 2022, which is 61.07% higher than the same period in the preceding year.
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