Saturday, April 26, 2025

Direct tax collections record 17.6% rise to Rs 12.37 lakh cr

Date:

Share post:

New Delhi, Nov 10:  The country’s gross direct tax collections have risen to Rs 12.37 lakh crore mark as of November 9 during the current financial tear which represents a 17.59 per cent increase over the same period of the previous year, according to data released by the Finance Ministry on Friday.

Direct Tax collection, net of refunds, stands at Rs 10.60 lakh crore, which is 21.82 per cent higher than the net collections for the corresponding period of last year. This collection is 58.15 per cent of the total Budget Estimates of Direct Taxes for F.Y. 2023-24.

The gross Corporate Income Tax (CIT) collection has grown at 7.13 per cent while Personal Income Tax (PIT) shot up by 28.29 per cent. The net growth in CIT collections is 12.48 per cent and that in PIT collections is 31.77 per cent.

Refunds amounting to Rs 1.77 lakh crore have been issued during April 1 to November 9.

IANS

Related articles

Bengal: NIA talks to widow & daughter of Pahalgam victim for over four hours

Kolkata, April 26: National Investigation Agency (NIA) officials, on Saturday, spoke to the widow and daughter of Late...

Meghalaya CM attends funeral service of Pope Francis

Shillong, April 26: Meghalaya Chief Minister, Conrad K. Sangma, attended the funeral service of His Holiness Pope Francis...

Govt issues advisory on media reporting of defence operations

New Delhi, April 26: The Ministry of Information and Broadcasting on Saturday issued an advisory directing all media...

Pakistan open for ‘neutral, transparent and credible investigation’ into Pahalgam terror attack: PM Shehbaz Sharif

Islamabad, April 26: Pakistan Prime Minister Shehbaz Sharif on Saturday expressed the country's readiness to participate in any...