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Direct Tax Collections Cross Rs 6.53 Lakh Crore So Far This Financial Year

The collection is 32.03% of the overall spending plan quotes of straight tax obligations for existing monetary 2023-24.

New Delhi:

Gross straight taxation expanded 15.73 percent to Rs 6.53 lakh crore till August 10 in the existing monetary, the Income Tax division claimed today.

Net straight taxation after readjusting reimbursements stands at Rs 5.84 lakh crore, which is 17.33 percent greater than the internet collections for the matching duration of in 2014.

“The provisional figures of direct tax collections up to 10th August, 2023 continue to register steady growth,” the Central Board of Direct Taxes (CBDT) claimed in a declaration.

The collection is 32.03 percent of the overall spending plan quotes of straight tax obligations for existing monetary 2023-24.

Refunds totaling up to Rs 69,000 crore have actually been released till August 10, which are 3.73 percent greater than reimbursements released throughout the very same duration in the previous year.

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