Economy
Tax refunds totalling Rs 69,000 crore have been issued until 10 August 2023.
The gross direct tax collection for the current fiscal year has increased by 15.73 per cent to Rs 6.53 lakh crore as of 10 August, according to the Income Tax Department.
After adjusting for refunds, the net direct tax collection amounts to Rs 5.84 lakh crore, which is 17.33 per cent higher than the net collections for the same period last year.
"The provisional figures of direct tax collections up to 10 August, 2023 continue to register steady growth," the Central Board of Direct Taxes (CBDT) said in a statement.
The current fiscal's collection accounts for 32.03 per cent of the total budget estimates of direct taxes.
Refunds totalling Rs 69,000 crore have been issued until 10 August, reflecting a 3.73 per cent increase compared to the same period last year.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest