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Gross Direct Tax Collection Grows 30% In 2022-23 To Rs 8.36 Lakh Crore

Thegross collectionof direct taxes for FY 2022-23 stands atRs 8,36,225crore.

New Delhi:

Gross direct tax collections grew 30 per cent to Rs 8.36 lakh crore until September 17 of present fiscal 12 months on elevated advance tax mop-up, the finance ministry mentioned on Sunday.

“The gross assortment of direct taxes (earlier than adjusting for refunds) for FY 2022-23 stands at Rs 8,36,225 crore in comparison with Rs 6,42,287 crore within the corresponding interval of previous monetary 12 months i.e. 2021-22, registering a progress of 30 per cent over collections of 2021-22,” the ministry mentioned in an announcement.

The cumulative advance tax collections for April-September stand at Rs 2,95,308 crore as on September 17, up 17 per cent over the year-ago interval.

Gross assortment of Rs 8.36 lakh crore contains Company Earnings Tax at Rs 4.36 lakh crore and Private Earnings Tax (PIT), together with Securities Transaction Tax at Rs 3.98 lakh crore.

After adjusting for refunds, web collections rose 23 per cent to Rs 7,00,669 crore, in comparison with Rs 5,68,147 crore within the corresponding interval of 2021-22. 

(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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