back to top
    IndiaDirect Tax Collection Skyrockets by 21% to Rs 4.62 Lakh Crore!

    Direct Tax Collection Skyrockets by 21% to Rs 4.62 Lakh Crore!

    Date:

    New Delhi, Jun 18: Net direct tax collection grew 21 per cent to Rs 4.62 lakh crore so far this fiscal on higher advance tax mop-up, the income tax department said on Tuesday.
    The first instalment of advance tax, which was due on June 15, showed collections rose 27.34 per cent to Rs 1.48 lakh crore. This includes Corporation Tax (CIT) at Rs 1.14 lakh crore and Personal Income Tax (PIT) at Rs 34,470 crore.
    The net direct tax collection of Rs 4,62,664 crore (as of June 17, 2024) includes CIT at Rs 1,80,949 crore and PIT (including Securities Transaction Tax) at Rs 2,81,013 crore, the Central Board of Direct Taxes (CBDT) said in a statement.
    Refunds amounting to Rs 53,322 crore have also been issued in the FY 2024-25 till June 17, 34 per cent higher than refunds issued during the same period in the preceding year.
    For April-June 17, gross collection of direct taxes (before adjusting for refunds) stood at Rs 5.16 lakh crore compared to Rs 4.23 lakh crore in the corresponding period of the preceding financial year, showing a growth of 22.19 per cent.

    Northlines
    Northlines
    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

    Share post:

    Popular

    More like this
    Related

    Air India flight AI-183 from Delhi to San Francisco makes emergency landing in Siberia

    Passengers aboard an Air India flight from Delhi to...

    Tree plantation prog organized GM Northern Railway Shobhan appeals everyone to contribute towards environmental protection by planting trees

    Agencies New Delhi: A special Tree Plantation drive was organized...

    Air India unlikely to extend services of 300 non-flying employees on fixed-term contract

    Mumbai, Jul 18: As many as 300 non-flying employees...

    India needs to rationalise direct and indirect tax structures for electronics sector: Niti Aayog report

    New Delhi, Jul 18: India needs to rationalise its...