Net Direct Tax Collection Up To 01-02-2024 Stands at Rs. 15.60 Lakh Crore, Up By 20.25% From Last Year | CBDT
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- Last Updated on 13 February, 2024
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Press Release, dated 11-02-2024
The Central Board of Direct Taxes (CBDT) has released provisional figures for Direct Tax collections. The Direct Tax collections up to 10 February 2024 show that gross collections are at Rs. 18.38 lakh crore, which is 17.30% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. 15.60 lakh crore, which is 20.25 % higher than the net collections for the corresponding period of last year. This collection is 80.23% of the total Revised Estimates of Direct Taxes for FY 2023-24.
The gross revenue collections for Corporate Income Tax (CIT) and Personal Income Tax (PIT) also show a steady growth. Further, refunds amounting to Rs. 2.77 lakh crore have been issued from 1 April 2023 to 10 February 2024.
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