Main Media English

Get Latest News, India News, World News at Main Media English

Support Us

Direct tax collections jump 21% to cross Rs 13.7 lakh crore in current financial year

IANS logo Reported By IANS |
Published On :

New Delhi, Dec 18 (IANS) Net direct tax collections for the financial year 2023-24 have jumped by 20.66 per cent to Rs 13,70,388 crore, compared to Rs 11,35,754 crore in the corresponding period of 2022-23, the Finance Ministry said on Monday.

The net direct tax collection of Rs 13,70,388 crore (as on Dec 17) includes Corporation Tax at Rs 6,94,798 crore (net of refund) and Personal Income Tax including Securities Transaction Tax (STT) at Rs 6,72,962 crore (net of refund).

Also Read Story

Empty chairs, forced attendance allegations cast shadow on INDIA bloc’s Delhi rally

Nagaland’s sole LS seat to witness triangular contest in 2024 polls

Odisha Crime Branch busts racket involved in Rs 1.04 cr fraud

IPL 2024: Under-pressure Mumbai Indians hope to shine in home comfort (Preview)

IPL 2024: Sai Sudharsan, David Miller star as clinical Gujarat beat Hyderabad by seven wickets

Viksit Bharat Ambassador meet-up: India is world’s 3rd largest start-up ecosystem today, says I&B Minister Anurag Thakur

Amit Shah chairs meeting of Lok Sabha core committees in Jaipur, holds roadshow in Sikar

IPL 2024: Ishant Sharma back as Delhi Capitals win toss, elect to bat against CSK

Viksit Bharat Ambassador Jaipur meet-up: Participants heap praise on the initiative

Refunds amounting to Rs 2,25,251 crore have also been issued in the 2023-24 till Dec 17, the official statement added.


Minor head-wise collection comprises Advance Tax of Rs 6,25,249 crore; Tax Deducted at Source of Rs 7,70,606 crore; Self-Assessment Tax of Rs 1,48,677 crore; Regular Assessment Tax of Rs 36,651 crore; and Tax under other minor heads of Rs 14,455 crore.

Provisional figures of total Advance Tax collections for Financial Year 2023-24 (as on Dec 17) stand at Rs. 6,25,249 crore, against Advance Tax collections of Rs 5,21,302 crore for the corresponding period of the preceding Financial Year showing a growth of 19.94 per cent.

The Advance Tax collection of Rs 6,25,249 crore comprises Corporation Tax at Rs 4,81,840 crore and Personal Income Tax at Rs. 1,43,404 crore, the statement added.

–IANS

pannu/dan

(This report is auto-generated from IANS news service. 'Main Media' holds no responsibility for its content.)

Get involved in bringing the ground realities of Seemanchal. Click the "Support Us" button to join our membership.

Support Us

Related News

Pawar vs Pawar: A fight for supremacy in Baramati

Rebel Wilson opens up on weight loss journey, says she’s an emotional eater

Shraddha Kapoor asks fans how they wasted 1st quarter of 2024

PM Modi virtually interacts with party workers in Varanasi

AIADMK will ally again with BJP after LS elections, says Chidambaram

PE-VC investments fall by 8 per cent to $6.2 billion in Q1

Cut! Mark Ronson’s role in Amy Winehouse biopic gets axed

Leave a Reply

Your email address will not be published. Required fields are marked *