Key Points
New Delhi [India], January 11 (ANI): Direct tax collections so far in the financial year 2023-24 have risen 16.77 per cent to Rs 17.18 lakh crore (in gross terms), data put out by the Ministry of Finance said on Thursday...
Direct tax collection, net of refunds, stood at Rs 14.70 lakh crore, which is 19.41 per cent higher than the net collections for the corresponding period of last year...
This collection is 80.61 per cent of the total Budget Estimates of Direct Taxes for 2023-24...
So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenue collections is concerned, the growth rate for CIT is 8.32 per cent while that for PIT is 26.11 per cent (PIT only)/ 26.11 per cent (PIT including STT)...
For example, in the entire financial year 2022-23, the total gross GST collection stood at Rs 18.10 lakh crore and the average gross monthly collection for the full year was Rs 1.51 lakh crore..
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