Direct Tax Collections Jump 20% To Rs 11.36 Lakh Crore In FY23 Till December 17

The gross collection of direct taxes (before adjusting for refunds) for 2022-23 stood at Rs 13,63,649 crore, compared to Rs 10,83,150 crore recorded in the corresponding period of last year, registering a growth of 25.90 per cent.

Flying drone with camera

Advance tax collections for the current fiscal stood at Rs 5,21,302 crore as on December 17, 2022, 12.83 per cent more than last year, according to official sources.

Refunds aggregating to Rs 2,27,896 crore were issued in the current fiscal.

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