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Direct Tax collections Data: A spectacular growth is being seen within the direct tax assortment. In the monetary yr 2023-24 until July 9, 2023, the overall tax assortment has been Rs 5.17 lakh crore, which is 14.65 % greater than the identical interval of the monetary yr 2022-23. The Finance Ministry has launched this knowledge of Direct Tax Collection.
According to the Finance Ministry, progress is being seen in direct tax assortment. And until July 9, the direct tax assortment has been Rs 5.17 lakh crore, which is 14.65 % greater than the identical interval final yr. Excluding refunds, the direct tax assortment has been a complete of Rs 4.75 lakh crore, which is 15.87 % greater than the earlier yr. Direct tax assortment for slightly greater than 1 / 4 is 26.05 per cent of the funds estimates of direct tax assortment for 2023-24.
Gross Direct Tax collections for FY 2023-24 upto ninth July, 2023 are at Rs. 5.17 lakh crore, greater by 14.65% over gross collections for corresponding interval of previous yr.
Net collections at Rs. 4.75 lakh crore are 15.87% greater than internet collections for the corresponding… pic.twitter.com/qwfdtRjg08
— Income Tax India (@IncomeTaxIndia) July 10, 2023
The Finance Ministry stated that from April 1, 2023 to July 9, 2023, a refund of Rs 42,000 crore has been issued to taxpayers, which is 2.55 % greater than the refund issued in the identical interval final yr. Income tax return submitting season is happening. In such a state of affairs, the Income Tax Department has instructed taxpayers by tweeting why it’s essential to file earnings tax return as quickly as potential to journey overseas with ease.
Filing your Income Tax Return (ITR) early, makes touring overseas simpler.
The due date to file your #ITR for AY 2023-24 is thirty first July, 2023.
Please go to https://t.co/GYvO3mStKf #FileNow #ITD pic.twitter.com/bEVothEYGa— Income Tax India (@IncomeTaxIndia) July 9, 2023
The Income Tax Department has requested taxpayers to file earnings tax returns for evaluation yr 20232-4 earlier than July 31, 2023.
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