Gross Direct Tax Collections for FY 2023-24 Surge by 18.29%



Quick Summary
The UK has seen a significant increase in its direct tax collections for the financial year 2023-24, as of September 16th. Gross direct tax collections have risen by 18.29%, reaching £9,87,061 crore. Net collections have also shown strong growth, increasing by 23.51% to £8,65,117 crore. Advance tax collections have contributed substantially, growing by 20.73% to £3,55,481 crore.

Gross Direct Tax collections for Financial Year 2023-24 (as on 16.09.2023)register a growth of 18.29% Net Direct Tax collections for the FY 2023-24 (as on 16.09.2023) grow at over 23.51% Advance Tax collections for FY 2023-24 (as on 16.09.2023) stand at Rs. 3,55,481 crore with a growth of 20.7
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FAQ :

Gross direct tax collections for FY 2023-24 have grown by 18.29% as of 16.09.2023.

The provisional figure for gross direct tax collections in FY 2023-24, as of 16.09.2023, is Rs. 9,87,061 crore.

Net direct tax collections for FY 2023-24 have grown by over 23.51% as of 16.09.2023.

Refunds aggregating to Rs. 1,21,944 crore have been issued up to 16.09.2023 in FY 2023-24.

Advance tax collections for FY 2023-24 have shown a growth of 20.73% as of 16.09.2023.




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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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