Net Direct Tax Collections Grow 18% To Rs 16.61 Lakh Crore In 2022-23
NDTV
The gross collection of direct taxes (before adjusting for refunds) for 2022-23 stands at Rs 19.68 lakh crore, a growth of 20.33 per cent over the gross collection of Rs 16.36 lakh crore in FY2021-22, the finance ministry said.
Net direct tax collections rose by 18 per cent to Rs 16.61 lakh crore in the 2022-23 fiscal, exceeding the revised estimates (RE).
The gross collection of direct taxes (before adjusting for refunds) for 2022-23 stands at Rs 19.68 lakh crore, a growth of 20.33 per cent over the gross collection of Rs 16.36 lakh crore in FY2021-22, the finance ministry said.
The provisional figures of direct tax collections for the financial year (FY) 2022-23 show that net collections are at Rs 16.61 lakh crore, compared to Rs 14.12 lakh crore in the preceding FY 2021-22, representing an increase of 17.63 per cent, the ministry said in a statement.
The Budget Estimates (BE) for direct tax revenue in the Union Budget for 2022-23 were fixed at Rs 14.20 lakh crore, and the Revised Estimates (RE) were pegged higher at Rs 16.50 lakh crore.
