NEW DELHI: A complete of Rs 13.7 lakh crore price direct taxes (web) have been collected up to now within the present monetary yr 2023-24, representing a 20.66 per cent improve on a yearly foundation, in keeping with provisional figures put out by the federal government on Monday.
The collections have been to the tune of Rs 11.3 lakh crore within the corresponding interval of the previous yr 2022-23.
The web direct tax assortment of Rs 13.7 has been collected, together with company tax (CIT) at Rs 6.9 lakh crore (web of refund) and private earnings tax (PIT) together with securities transaction tax (STT) at Rs 6,72,962 crore (web of refund).
The provisional figures of gross assortment of direct taxes (earlier than adjusting for refunds) for the monetary yr 2023-24 stand at Rs 15.9 lakh crore in comparison with Rs 13.6 crore within the corresponding interval of the previous monetary yr, exhibiting a development of 17.01 per cent over the collections of 2022-23, the ministry of finance stated.
Over the previous few years, varied efforts have been made to extend the tax base and enhance compliance.
For instance, in your entire monetary yr 2022-23, the whole gross GST assortment stood at Rs 18.10 lakh crore and the typical gross month-to-month assortment for the complete yr was Rs 1.51 lakh crore. The gross revenues in 2022-23 have been 22 per cent greater on a yearly foundation.
Notably, in April this yr, the gross GST assortment was at an all-time excessive of Rs 187,035 crore.
The collections have been to the tune of Rs 11.3 lakh crore within the corresponding interval of the previous yr 2022-23.
The web direct tax assortment of Rs 13.7 has been collected, together with company tax (CIT) at Rs 6.9 lakh crore (web of refund) and private earnings tax (PIT) together with securities transaction tax (STT) at Rs 6,72,962 crore (web of refund).
The provisional figures of gross assortment of direct taxes (earlier than adjusting for refunds) for the monetary yr 2023-24 stand at Rs 15.9 lakh crore in comparison with Rs 13.6 crore within the corresponding interval of the previous monetary yr, exhibiting a development of 17.01 per cent over the collections of 2022-23, the ministry of finance stated.
Over the previous few years, varied efforts have been made to extend the tax base and enhance compliance.
For instance, in your entire monetary yr 2022-23, the whole gross GST assortment stood at Rs 18.10 lakh crore and the typical gross month-to-month assortment for the complete yr was Rs 1.51 lakh crore. The gross revenues in 2022-23 have been 22 per cent greater on a yearly foundation.
Notably, in April this yr, the gross GST assortment was at an all-time excessive of Rs 187,035 crore.
