Gross direct tax collection grows 20% to Rs 19.68 lakh cr, crosses revised estimates target

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It was observed that the gross collection has exceeded the revised estimates (RE), established on February 1 by Rs 2.41 lakh crore, which is 16.97 per cent..

The Union finance ministry has announced that the gross direct tax collection has increased by 20 per cent to Rs 19.68 lakh crore, exceeding the government's revised collection target, for the financial year 2022-23...

"The Gross collection (provisional) of Direct Taxes (before adjusting for refunds) for the FY 2022-23 stands at Rs19.68 lakh crore showing a growth of 20.33 per cent over the gross collection of Rs.16.36 lakh crore in FY 2021-22," the finance ministry said in a statement...

Gross company tax collection increased 16.91 per cent to over Rs 10.04 lakh crore in fiscal 2022-23..

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