Key Points
India's gross direct tax collection increased by 17.95 per cent on the year to Rs 11.07 lakh crore in the period from April 1 to October 9, the Ministry of Finance said in a statement on Tuesday...
This collection is 52.50 per cent of the total Budget Estimates of Direct Taxes for FY 2023-24...
Direct tax collection, net of refunds, stood at Rs 9.57 lakh crore which is 21.82 per cent higher than the net collections for the same period of last year...
In the entire financial year 2022-23 for example, the total gross GST collection stood at Rs 18.10 lakh crore and the average gross monthly collection for the full year is Rs 1.51 lakh crore..
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