Gross Direct Tax Collections Surge by 12.73% in FY 2023-24



Quick Summary
Gross Direct Tax collections for the Financial Year 2023-24 have experienced a substantial increase of 12.73%, reaching £4,19,338 crore. This growth is compared to £3,71,982 crore collected in the previous financial year. Net direct tax collections also saw a healthy rise of 11.18%, amounting to £3,79,760 crore. Advance tax collections, a key indicator, grew by 13.70%.

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73% Net Direct Tax collections for the FY 2023-24 grown at over 11.18% Advance Tax collections for the FY 2023-24 stand at Rs. 1,16,776 crore as on 17.06.2023, showing a growth of 13.70% Refunds aggregating to Rs. 39,578 crore issued in the current fiscal Thefigures of Direct Tax collections for the Financial Year 2023-24,as on 17.06.2023show thatnet collections are at Rs. 3,79,760 crore, compare
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

FAQ :

Gross Direct Tax collections for FY 2023-24 grew by 12.73%.

Gross Direct Tax collections for FY 2023-24 stood at £4,19,338 crore.

Net Direct Tax collections for FY 2023-24 grew by 11.18%.

Advance Tax collections for FY 2023-24, as of June 17, 2023, were £1,16,776 crore.

Yes, refunds aggregating to £39,578 crore were issued in FY 2023-24 up to June 17, 2023, showing a growth of 30.13% compared to the same period in the previous year.




News posted by

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.

Comments :


More »

Popular News





CCI Pro



Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details