Net Direct Tax Collection At 8.65 Lakh Crore Rupees From April 1 To September 16 Is Up 23.5 Percent On Year On Year Basis

Direct Tax Collection: The figures of Direct Tax Collection in the country have come and this time the government’s treasury has been filled with a good increase. From April 1, 2023 to September 16, 2023, the country’s direct tax collection has increased by 23.5 percent to Rs 8.65 lakh crore. While direct tax collection has seen a spectacular increase of 23.5 percent on a year-on-year basis, advance tax collection has also seen a spectacular increase of 20.7 percent to Rs 3,55,481 crore.

STT also included in direct tax collection

Direct tax collection also includes corporation tax of Rs 4.16 lakh crore and personal income tax of Rs 4.47 lakh crore, which also includes Securities Transaction Tax (STT).

Know the details in detail

The provisional direct tax collection from April 1, 2023 to September 16 was Rs 8,65,117 crore, which was an excellent growth of 23.5 percent as compared to last year. In the same period last year, direct tax collection stood at Rs 7,00,416 crore. For the financial year 2023-24, the government has issued a refund of Rs 1,21,944 crore till 16 September 2023. During the first six months of the current financial year, corporation tax stood at Rs 4,16,217 crore, while personal income tax, which also includes securities transaction tax, stood at Rs 4,47,291 crore.

Central Board of Direct Taxes Releasing this data, it said that the gross collection of direct tax (before adjusting refunds) was Rs 9,87,061 crore, which if compared to last year, it was Rs 8,34,469 crore. In this way an increase of 18.29 percent has been seen.

Advance tax collection also increased by more than 20 percent

Provisional advance tax collection till September 16 of the current financial year has been Rs 3,55,481 crore which was Rs 2,94,433 crore during the same period last year. In this way an increase of 20.7 percent has been seen.

The result of the government’s efforts is the increase in tax collection.

The continuously increasing direct tax collection and advance tax collection is proof that the government’s efforts to stop tax evasion are bearing fruit and the use of advanced technology in the tax collection process is proving helpful in this.

read this also

Stock Market Closing: Stock market closed, Sensex-Nifty closed on the decline; Bank Nifty lost the level of 46,000

National Housing Bank Recruitment 2023 For 43 Various Posts Apply Before 18 October At

NHB Recruitment 2023 Registration Begins: National Housing Bank has announced recruitment for many posts. Those candidates who have the necessary ...
Read More

Skin care tips 6 morning habits that can harm your skin Marathi news

Skin Care Tips: We use many products available in the market to keep our skin glowing, clean and youthful. Not ...
Read More

ODI World Cup 2023 Sachin Tendulkar’s world record can be broken by scoring just one century in ODI World Cup 2023.

Rohit Sharma's World Cup record: The ODI World Cup 2023 to be played in India will start from October 5 ...
Read More

Air India A350 Aircraft: Air India created a new history, this deal with Gift City is finalized, new aircraft will come soon

Tata Group's aviation company Air India made new history on Friday. This once government-owned airline has completed the acquisition of ...
Read More

E Commerce Firms To Register Record Uptick In Festive Season Sale This Year

This year the festive season has started. Gradually, the excitement of festivals has started spreading across the country. Along with ...
Read More

Follow These Tips To Get Credit Card Without Income Proof

How to Credit Card without Income Proof: Nowadays, the number of people using credit cards has increased rapidly because banks ...
Read More

ICC World Cup 2023 Warm-up Match Live Streaming Practice Match Live Telecast Online Mobile TV

ICC World Cup 2023 Warm-up Matches 2023: Warm-up matches are to be played before the ODI World Cup 2023. All ...
Read More

Battery Of These Smartphone Phones Will Last For Two Days Along With The Camera And Other Features Are Also Tremendous

Best Battery Smartphone: The battery of a smartphone is like life for him, if the battery of the phone runs ...
Read More

IPR Recruitment 2023 Apply For Various Posts At

IPR Jobs 2023: There is good news for the candidates looking for government jobs. A recruitment notification has been issued ...
Read More

Health tips, these 3 healthy smoothies will help in PCOS, know how to make it Marathi news

health tips: Every year September is celebrated as PCOS Awareness Month. Its aim is to make people aware about PCOS ...
Read More

Leave a Comment