{"id":9405,"date":"2024-04-23T23:01:03","date_gmt":"2024-04-23T20:01:03","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=9405"},"modified":"2024-04-23T23:01:03","modified_gmt":"2024-04-23T20:01:03","slug":"direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-%e2%82%b919-58-lakh-crore","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=9405","title":{"rendered":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore"},"content":{"rendered":"<p>The country\u2019s net direct tax collections surged by 17.7 per cent y-o-y to \u20b919.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday.Net collections of income and corporate taxes, which make up for most of the direct taxes, in the 2023-24 financial year exceeded budget estimates by \u20b91.35 lakh crore (7.40 per cent) and the revised estimates by \u20b913,000 crore.While gross direct tax collections (provisional) for the FY 2023-24 rose 18.48 per cent to \u20b923.37 lakh crore, net proceeds (after accounting for refunds) surged 17.7 per cent to \u20b919.58 lakh crore, reflecting buoyancy in the economy and rise in income levels of individuals and corporates.\u201cRefunds aggregating to \u20b93.79 lakh crore have been issued in FY 2023-24,\u201d the CBDT said in a statement. &#8220;The provisional figures of direct tax collections for the financial year (FY) 2023-24 show that net collections are at \u20b919.58 lakh crore, compared to \u20b916.64 lakh crore in the preceding financial year i.e. FY 2022-23,&#8221; it said, adding the budget for 2023-24 fiscal had pegged the collections for the year at \u20b918.23 lakh crore, which were revised to \u20b919.45 lakh crore later.<\/p>\n<ul class=\"article-bullet-list\">\n<li><b>Also read: Zomato gets \u20b911.82 crore tax demand notice<\/b><\/li>\n<\/ul>\n<p>\u201cThe provisional direct tax collections (net of the refunds) have exceeded the budget estimate by 7.40 per cent and revised estimates by 0.67 per cent,\u201d it said.The gross collection (provisional) of direct taxes (before adjusting for refunds) for the FY 2023-24 stood at \u20b923.37 lakh crore, showing a growth of 18.48 per cent over the gross collection of \u20b919.72 lakh crore in FY 2022-23.The gross corporate tax collection (provisional) in FY 2023-24 was up 13.06 per cent to \u20b911.32 lakh crore as against \u20b910 lakh crore of the preceding year.The net corporate tax collection (provisional) in FY 2023-24 at \u20b99.11 lakh crore showed a growth of 10.26 per cent over the collection of \u20b98.26 lakh crore of the preceding year. The gross personal income tax collection including Securities Transaction Tax (provisional) in FY 2023-24 at \u20b912.01 lakh crore was up 24.26 per cent over previous year&#8217;s collection of \u20b99.67 lakh crore.The net personal income tax collection including STT (provisional) in FY 2023-24 at \u20b910.44 lakh crore showed a growth of 25.23 per cent over preceding fiscal year&#8217;s figure of \u20b98.33 lakh crore.Refunds of \u20b93.79 lakh crore have been issued in FY 2023-24 showing an increase of 22.74 per cent over the refunds of \u20b93.09 lakh crore issued in FY 2022-23, the statement added. <\/p>\n<ul class=\"article-bullet-list\">\n<li><b>Also read: Gold soars on geopolitical risks, central bank buying\u00a0<\/b><\/li>\n<\/ul>\n<p><span class=\"coral-count\" data-coral-url=\"https:\/\/www.thehindubusinessline.com\/economy\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-1958-lakh-crore\/article68090428.ece\" data-coral-id=\"68090428\" data-coral-notext=\"true\"><\/span><br \/>\nComments<\/p>\n<ul class=\"share-list\">\n<li class=\"copy-link\">Copy link<\/li>\n<li class=\"email\">Email<\/li>\n<li class=\"facebook\">Facebook<\/li>\n<li class=\"twitter\">Twitter<\/li>\n<li class=\"telegram\">Telegram<\/li>\n<li class=\"in\">LinkedIn<\/li>\n<li class=\"whatsapp\">WhatsApp<\/li>\n<li class=\"reddit\">Reddit<\/li>\n<\/ul>\n<p>Published on April 21, 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country&#8217;s net direct tax collections surged by 17.7% year-on-year to \u20b919.58 crore in the fiscal year ended March 2024, exceeding both budget and revised estimates.<\/p>\n","protected":false},"author":6,"featured_media":9406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1521,1902,1766,4601,5697,4498,3399,4893,4189,7344,26,7351,7343,308,53,3767,2294,3398,7450,1823,7445,7349,7352,3682,7350,7389,7346,1827,1065,4733,7342,2292,1183],"class_list":["post-9405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-1521","tag-bank","tag-budget","tag-central-bank","tag-collection","tag-corporate-tax","tag-corporate-taxes","tag-demand","tag-direct-tax-collections","tag-direct-taxes","tag-economy","tag-financial-year","tag-fiscal-year","tag-geopolitical","tag-gold","tag-growth","tag-income","tag-income-tax","tag-income-tax-collection","tag-increase","tag-net-collections","tag-net-direct-tax-collections","tag-net-proceeds","tag-personal-income-tax","tag-refunds","tag-revised-estimates","tag-rise-in-income-levels","tag-statement","tag-tax","tag-tax-collection","tag-tax-collections","tag-tax-department","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>Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore<\/title>\n<meta name=\"description\" content=\"tax collections. direct tax collections, fiscal year, net proceeds\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore\" \/>\n<meta property=\"og:description\" content=\"tax collections. direct tax collections, fiscal year, net proceeds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=9405\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T20:01:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Robot\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405\"},\"author\":{\"name\":\"Robot\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\"},\"headline\":\"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore\",\"datePublished\":\"2024-04-23T20:01:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405\"},\"wordCount\":429,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp\",\"keywords\":[\"000\",\"bank\",\"budget\",\"central bank\",\"collection\",\"corporate tax\",\"corporate taxes\",\"demand\",\"direct tax collections\",\"direct taxes\",\"Economy\",\"financial year\",\"fiscal year\",\"geopolitical\",\"Gold\",\"growth\",\"income\",\"income tax\",\"Income tax collection\",\"increase\",\"Net collections\",\"net direct tax collections\",\"net proceeds\",\"personal income tax\",\"refunds\",\"revised estimates\",\"rise in income levels\",\"statement\",\"tax\",\"tax collection\",\"tax collections\",\"Tax Department\",\"taxes\"],\"articleSection\":[\"Other\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405\",\"name\":\"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp\",\"datePublished\":\"2024-04-23T20:01:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\"},\"description\":\"tax collections. direct tax collections, fiscal year, net proceeds\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp\",\"width\":1200,\"height\":675,\"caption\":\"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=9405#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\",\"name\":\"Robot\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=6\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore","description":"tax collections. direct tax collections, fiscal year, net proceeds","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore","og_description":"tax collections. direct tax collections, fiscal year, net proceeds","og_url":"https:\/\/ch.jfdi.cc\/?p=9405","og_site_name":"ch.jfdi.cc","article_published_time":"2024-04-23T20:01:03+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp","type":"image\/webp"}],"author":"Robot","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Robot","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=9405#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=9405"},"author":{"name":"Robot","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/24aeef359ef2df73056e7502e1cadc71"},"headline":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore","datePublished":"2024-04-23T20:01:03+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=9405"},"wordCount":429,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=9405#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp","keywords":["000","bank","budget","central bank","collection","corporate tax","corporate taxes","demand","direct tax collections","direct taxes","Economy","financial year","fiscal year","geopolitical","Gold","growth","income","income tax","Income tax collection","increase","Net collections","net direct tax collections","net proceeds","personal income tax","refunds","revised estimates","rise in income levels","statement","tax","tax collection","tax collections","Tax Department","taxes"],"articleSection":["Other"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=9405","url":"https:\/\/ch.jfdi.cc\/?p=9405","name":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=9405#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=9405#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp","datePublished":"2024-04-23T20:01:03+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/24aeef359ef2df73056e7502e1cadc71"},"description":"tax collections. direct tax collections, fiscal year, net proceeds","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=9405#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=9405"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=9405#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/direct-tax-collections-exceed-estimates-in-fy24-jump-18-to-e282b919-58-lakh-crore.webp","width":1200,"height":675,"caption":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=9405#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"Direct tax collections exceed estimates in FY24; jump 18% to \u20b919.58 lakh crore"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/24aeef359ef2df73056e7502e1cadc71","name":"Robot","url":"https:\/\/ch.jfdi.cc\/?author=6"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/9405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9405"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/9405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/9406"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}