Gross Direct Tax Collections Surge to Rs. 12.37 Lakh Crore, Marking 17.59% YoY Growth in FY 2023-24



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Gross Direct Tax collections for the financial year 2023-24 have shown a significant increase, reaching Rs. 12.37 lakh crore as of 9th November 2023. This represents a robust year-on-year growth of 17.59%. Net collections, after accounting for refunds, stand at Rs. 10.60 lakh crore, marking an even higher growth of 21.82%. These figures indicate strong performance in both Corporate Income Tax and Personal Income Tax, with refunds totalling Rs. 1.77 lakh crore issued during the period.

Gross Direct Tax Collections for FY 2023-24 up to 09.11.2023 Gross Direct Tax collections FY 2023-24 upto 9.11.2023 are Rs. 12.37 lakh crore; growth of 17.59% Y-o-Y Direct Tax collection, net of refunds, stands at Rs. 10.60 lakh crore; growth of 21.82% Y-o-Y Net growth in Corporate Income Tax collections is 12.48% .and Personal Income Tax collections is 31.77% Y-o-Y respectively Refunds worth Rs. 1.77 lakh crore issued for FY2023-24 upto 09.11.2023 The provisional figures of D
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FAQ :

Gross Direct Tax collections for FY 2023-24 up to 9th November 2023 stand at Rs. 12.37 lakh crore.

The year-on-year growth in Gross Direct Tax Collections is 17.59%.

Net Direct Tax collections, after deducting refunds, are Rs. 10.60 lakh crore, showing a 21.82% year-on-year growth.

Net growth in Corporate Income Tax collections is 12.48%.

Net growth in Personal Income Tax collections is 31.77%.

Refunds amounting to Rs. 1.77 lakh crore have been issued for FY2023-24 up to 9th November 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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