Direct tax mopup surges 22.6% to Rs 16.68 lakh crore

March 14, 2023 at 12:44 PM

India has collected ₹16.68 lakh crore in gross direct tax till March 10 in the ongoing fiscal year, a rise of 22.6% over the year-ago period, shows data released on Saturday. Net of refunds, the collection was ₹13.73 lakh crore, 16.8% higher.

The collection is 96.7% of the budget estimate for FY23 and 83.2% of the upward revised estimate for the year, the Central Board of Direct Taxes (CBDT) said in a statement.

Read more at: