Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

by IANS |

New Delhi, Sep 18 (IANS) Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last year.

Net direct tax collections stood at Rs 7.01 lakh crore for the current fiscal till September 17, showing a 23 per cent rise over the corresponding period of last year.

Cumulative advance tax collections were at Rs 2.95 lakh crore till September 17 in 2022-23, a growth of 17 per cent over the corresponding period of last year, according to the data released by the Finance Ministry.

Refunds amounting to Rs 1,35,556 crore were issued up to September 17, up by 83 per cent over last year.

Fast processing of income tax returns (ITRs), with almost 93 per cent of duly verified ITRs were processed till Saturday.

Faster issue of refunds were initiated, which saw an almost 468 per cent increase in the number of refunds issued in 2022-23, the statement said.

Latest News
BJP MP faces flak from Chairman Jagdeep Dhankhar in Rajya Sabha Wed, Feb 08, 2023, 11:58 AM
Curtailing pollution must to reduce superbugs: UN report Wed, Feb 08, 2023, 11:46 AM
PVL: 'No pressure' on Kolkata Thunderbolts as captain Ashwal Rai eyes 2nd win of season Wed, Feb 08, 2023, 11:43 AM
LinkedIn crosses 100 mn members in India, its 2nd largest market Wed, Feb 08, 2023, 11:36 AM
Volkswagen recalls 21K electric SUVs over faulty battery software Wed, Feb 08, 2023, 11:27 AM
Pakistan bars 190 Hindus from travelling to India Wed, Feb 08, 2023, 11:26 AM
Teachers' scam: ED identifies lottery angle for conversion of unaccounted money Wed, Feb 08, 2023, 11:24 AM
Cow found slaughtered in Delhi, FIR lodged Tue, Feb 07, 2023, 05:00 PM
India adopting environment-friendly growth as development model: Sultan Al Jaber Tue, Feb 07, 2023, 05:00 PM
Apple cuts iPhone 14 models prices by up to $125 in China to boost sales Tue, Feb 07, 2023, 04:59 PM
Shubman Gill, Siraj in shortlist for Men's Player of the Month for January 2023 Tue, Feb 07, 2023, 04:54 PM
Philippine rescue team heading to quake-hit Turkey Tue, Feb 07, 2023, 04:36 PM
Chhatrapati Shivaji statue goes missing from California park Tue, Feb 07, 2023, 04:14 PM
Kerala govt schools to get 36,366 more laptops Tue, Feb 07, 2023, 04:04 PM
Former servicemen said idea of Agniveer came from RSS: Rahul Tue, Feb 07, 2023, 04:02 PM