{"id":9182,"date":"2024-04-22T14:00:14","date_gmt":"2024-04-22T11:00:14","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=9182"},"modified":"2024-04-22T14:00:14","modified_gmt":"2024-04-22T11:00:14","slug":"gross-direct-tax-collection-hits-rs-23-37-lakh-cr","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=9182","title":{"rendered":"Gross Direct Tax Collection Hits Rs. 23.37 Lakh Cr"},"content":{"rendered":"<p><span><\/span>The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that\u00a0Net collections are at Rs. 19.58 lakh crore,\u00a0compared to Rs. 16.64 lakh crore\u00a0in the preceding Financial Year i.e. FY 2022-23, representing an\u00a0increase of 17.70%.<br \/>\nThe Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by\u00a07.40%\u00a0and RE by\u00a00.67%.<br \/>\nThe\u00a0Gross collection (provisional)\u00a0of Direct Taxes (before adjusting for refunds) for the FY 2023-24 stands at\u00a0Rs. 23.37 lakh crore\u00a0showing a growth of\u00a018.48%\u00a0over the gross collection of\u00a0Rs. 19.72 lakh crore\u00a0in FY 2022-23.<\/p>\n<h2>Fiscal Year 2023-24: Corporate Tax Growth<\/h2>\n<p>The\u00a0Gross Corporate Tax collection (provisional)\u00a0in FY 2023-24 is at\u00a0Rs. 11.32 lakh crore\u00a0and has shown a growth of\u00a013.06%\u00a0over the gross corporate tax collection of Rs. 10 lakh crore of the preceding year. The\u00a0Net Corporate Tax\u00a0collection (provisional) in FY 2023- 24 is at\u00a0Rs. 9.11 lakh crore\u00a0and has shown a growth of\u00a010.26%\u00a0over the net corporate tax collection of Rs. 8.26 lakh crore of the preceding year.<br \/>\nThe\u00a0Gross Personal Income Tax\u00a0collection (including STT) (provisional) in FY 2023- 24 is at\u00a0Rs. 12.01 lakh crore\u00a0and has shown a growth of\u00a024.26%\u00a0over the Gross Personal Income Tax collection (including STT) of Rs. 9.67 lakh crore of the preceding year. The\u00a0Net Personal Income Tax\u00a0collection (including STT) (provisional) in FY 2023-24 is at\u00a0Rs. 10.44 lakh crore\u00a0and has shown a growth of\u00a025.23%\u00a0over the Net Personal Income Tax collection (including STT) of Rs. 8.33 lakh crore of the preceding year.<br \/>\nRefunds of Rs. 3.79 lakh crore\u00a0have been issued in the FY 2023-24 showing an increase of\u00a022.74%\u00a0over the refunds of Rs. 3.09 lakh crore issued in FY 2022-23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Direct Tax collections for FY 2023-24 are at Rs. 19.58 lakh crore, showing an increase of 17.70% compared to the previous year. Gross collection of Direct Taxes for the same year is at Rs. 23.37 lakh crore, representing a growth of 18.48%. Corporate Tax collection in FY 2023-24 is at Rs. 11.32 lakh crore, with a growth of 13.06%, while Personal Income Tax collection is at Rs. 12.01 lakh crore, showing a growth of 24.26%. Refunds issued in FY 2023-24 amount to Rs. 3.79 lakh crore, an increase of 22.74% over the previous year.<\/p>\n","protected":false},"author":6,"featured_media":9183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1766,5697,4498,3391,4189,7344,7351,7343,7348,3767,2294,3398,1823,7445,3682,7350,5612,7389,1065,4733,7342,4771,1183],"class_list":["post-9182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-budget","tag-collection","tag-corporate-tax","tag-direct-tax-collection","tag-direct-tax-collections","tag-direct-taxes","tag-financial-year","tag-fiscal-year","tag-fiscal-year-2023-24","tag-growth","tag-income","tag-income-tax","tag-increase","tag-net-collections","tag-personal-income-tax","tag-refunds","tag-revenue","tag-revised-estimates","tag-tax","tag-tax-collection","tag-tax-collections","tag-tax-revenue","tag-taxes"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gross Direct Tax Collection Hits Rs. 23.37 Lakh Cr<\/title>\n<meta name=\"description\" content=\"Tax collections. 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