Direct Tax Collections for F.Y. 2023-24 up to 10.08.2023

The provisional direct tax collection digits up to 10^th August 2023 continues to experience steady growth. Collection of direct taxes up to 10^th August 2023 shows gross collections are at Rs. 6.53 lakh crore which is 15.73% higher. compared to the gross receipts of the corresponding period of the previous year. The collection of direct taxes, net of refunds, is Rs. 5.84 lakhs crore which is 17.33% higher than the net receipts for the corresponding period last year. This collection represents 32.03% of total direct tax budget estimates for FY 2023-24.

Refunds equal to Rs. 0.69 lakh crore were issued during 1^st April 2023 to 10^th August 2023, equal to 3.73% higher than the refunds granted during the same period of the previous year.

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PPG/KMN