iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Net direct tax collections for FY23 jump 45%

18 Jun 2022 , 09:32 AM

Indias direct tax collections for the Financial Year 2022-23, as on 16 June 2022, showed net collections at Rs 3,39,225 crore compared with Rs 2,33,651 crore in the corresponding period of the preceding year, representing an increase of 45%. The net direct tax collection of Rs 3,39,225 crore included Corporation Tax (CIT) at Rs 1,70,583 crore (net of refund) and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs 1,67,960 crore (net of refund). Refunds amounting to Rs 30,334 crore have also been issued in the FY 2022-23. The gross collection of direct taxes (before adjusting for refunds) for the FY23 stands at Rs 3,69,559 crore compared to Rs 2,64,382 crore in the corresponding period of the preceding year, representing an increase of almost 40% over the collections of the preceding year. The net collection in the current financial year has registered a growth of 171% over the corresponding period of financial year 2020-21. The advance tax collections for the first quarter of the FY 2022-23 stand at Rs 1,01,017 crore against Rs 75,783 crore for the corresponding period, showing a growth of more than 33%. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.