PIB | 17 Jun, 2022
The
figures of Direct Tax collections for the Financial Year 2022-23, as on
16.06.2022 show that net collections are at Rs.3,39,225 crore compared
to Rs. 2,33,651 crore over the corresponding period of the preceding
year, representing an increase of 45% over the collections of the
preceding year.
The net collection (as on 16.06.2022) in F.Y. 2022-23
has registered a growth of 171% over the corresponding period of F.Y.
2020-21 when the net collection was Rs. 1,25,065 crore, and a growth of
103% over the corresponding period of F.Y. 2019-20 when the net
collection was Rs. 1,67,432 crore.
The
Net Direct Tax collection of Rs. 3,39,225 crore (as on 16.06.2022)
include Corporation Tax (CIT) at Rs. 1,70,583 crore (net of refund) and
Personal Income Tax (PIT) including Security Transaction Tax (STT) at
Rs. 1,67,960 crore (net of refund).
The
Gross collection of Direct Taxes (before adjusting for refunds) for the
F.Y. 2022-23 stands at Rs. 3,69,559 crore compared to Rs. 2,64,382
crore in the corresponding period of the preceding year, representing an
increase of almost 40% over the collections of the preceding year. This
includes Corporation Tax (CIT) at Rs. 1,90,651 crore and Personal
Income Tax (PIT) including Security Transaction Tax (STT) at Rs.
1,78,215 crore.
Minor head wise collection comprises Advance Tax of Rs.
1,01,017 crore, Tax Deducted at Source of Rs.2,29,676 crore,
Self-Assessment Tax of Rs. 21,849 crore, Regular Assessment Tax of Rs.
10,773 crore, Tax on Distributed Profits of Rs. 5,529 crore and Tax
under other minor heads of Rs. 715 crore.
The
Advance Tax collections for the first quarter of the F.Y. 2022-23 stand
at Rs. 1,01,017 crore against Advance Tax collections of Rs. 75,783
crore for the corresponding period of the immediately preceding
Financial Year, showing a growth of more than 33%.
This comprises
Corporation Tax (CIT) at Rs. 78,842 crore and Personal Income Tax (PIT)
at Rs. 22,175 crore. This amount is expected to increase as further
information is received from Banks.
The
TDS collections for F.Y. 2022-23 (as on 16.06.2022) stand at Rs.
2,29,676 crore against TDS collections of Rs. 1,57,434 crore for the
corresponding period of the immediately preceding Financial Year,
showing a growth of nearly 46%.
The
Self-Assessment Tax collections for F.Y. 2022-23 (as on 16.06.2022)
stand at Rs. 21,849 crore against self-assessment tax collections of Rs.
15,483 crore for the corresponding period of the immediately preceding
Financial Year, showing a growth of more than 41%.
Refunds amounting to Rs. 30,334 crore have also been issued in the F.Y. 2022-23.