IANS | 11 Jan, 2024
The government’s gross direct tax collections have risen by 16.77 per
cent to touch Rs 17.18 lakh crore, as of January 10, in the current
financial year, the Central Board for Direct Taxes (CBDT) said on
Thursday.
Direct Tax collection, net of refunds, stands at Rs.
14.70 lakh crore which is 19.41 per cent higher than the net collections
for the corresponding period of last year. This collection is 80.61 per
cent of the total Budget Estimates of Direct Taxes for F.Y. 2023-24,
the statement said.
The growth rate for Corporate Income Tax (CIT)
is 8.32 per cent while that for Personal Income Tax (PIT) is 26.11 per
cent in terms of gross revenue collections.
After adjustment of
refunds, the net growth in CIT collections is 12.37 per cent and that in
PIT collections is 27.26 per cent (PIT only)/ 27.22 per cent (PIT
including STT).
Refunds amounting to Rs 2.48 lakh crore have been issued from April 1, 2023 to January 10, 2024, the statement added.
