Quick Summary
Direct Tax Collections for F.Y. 2022-23 up to 10th March 2023 Gross Direct Tax collections for FY 2022-23 at Rs. 16.68 lakh crore; 22.58% higher Y-o-Y Net collections at Rs. 13.73 lakh crore; 16.78% higher Y-o-Y Refunds of Rs. 2.95 lakh crore issued; 59.44% higher Y-o-Y The provision
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FAQ :
Gross direct tax collections up to March 10th, 2023, were £16.68 lakh crore.
Gross direct tax collections increased by 22.58% compared to the corresponding period of the previous year.
Net direct tax collections, after the adjustment of refunds, stand at £13.73 lakh crore.
Net direct tax collections have shown a growth of 16.78% compared to the same period last year.
Refunds issued between April 1st, 2022, and March 10th, 2023, amounted to £2.95 lakh crore, which is a 59.44% increase year-on-year.
Gross Corporate Income Tax collections grew by 18.08%, and Personal Income Tax collections (including STT) grew by 27.57%. After refunds, net CIT growth is 13.62% and net PIT growth is 20.73% (or 20.06% including STT).
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