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The provisional figures of Direct Tax collections up to 8th October, 2022 continue to register steady growth. Direct Tax collections up to 8th October, 2022 show that gross collections are at Rs. 8.98 lakh crore which is 23.8% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. 7.45 lakh crore which is 16.3% higher than the net collections for the corresponding period of last year. This collection is 52.46% of the t
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FAQ :
The gross direct tax collections up to 8th October 2022 stand at Rs 8.98 lakh crore.
Gross direct tax collections have grown by 23.8% compared to the corresponding period of the previous year.
Net direct tax collections, after the adjustment of refunds, are Rs 7.45 lakh crore.
Refunds issued between 1st April 2022 and 8th October 2022 amount to Rs 1.53 lakh crore, which is an 81.0% increase compared to the same period in the preceding year.
The gross revenue collection growth rate for Corporate Income Tax (CIT) is 16.73%, and for Personal Income Tax (PIT, including STT) it is 32.30%.
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