Gross Direct Tax collections for the FY 2022-23 register a growth of 30%: CBDT
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- Last Updated on 20 September, 2022
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Press Release, dated 18-09-2022
The Central Board of Direct Taxes (CBDT) has released a press release stating that direct tax collections continue to grow at a robust pace. It is a clear indicator of the revival of economic activity post-pandemic, as also the result of the stable policies of the Government, focusing on simplification and streamlining of processes and plugging of tax leakage through effective use of technology.
The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2022-23, as of 17.09.2022, stands at Rs. 8,36,225 crore compared to Rs. 6,42,287 crore in the corresponding period of the preceding Financial Year i.e. FY 2021-22, registering a growth of 30% over collections of FY 2021-22.
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