India's net direct tax collection rises by 20.25% to ₹15.60 lakh crore till 10 Feb: CBDT
₹16.60 lak crore higher than the net collections for the corresponding period of last year. This collection is 80.23% of the total Revised Estimates of Direct Taxes for FY 2023-24, according to the CBDT.
The gross direct tax collection soared to ₹18.38 lakh crore as of 10 February which is 17.30% higher than the gross collections for the corresponding period of last year, CBDT data added. Further, the gross revenue collections for Corporate Income Tax (CIT) and Personal Income Tax (PIT) also showed steady growth as per the CBDT data.
The net growth rate for the Corporate Income Tax stood at 13.57% while Personal Income Tax collections stood at 26.91%. Also refund of ₹2.77 lakh crore has been issued till 10 February.Milestone Alert!
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