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India’s net direct tax collections for FY 23 exceed estimates, rises over 17% to Rs 16.61 lakh cr | Business

India’s net direct tax collections for FY 23 exceed estimates, rises over 17% to Rs 16.61 lakh cr | Business

Apr 04, 2023, 05:43PM ISTSource: ET NowIndia's net direct tax collections surged by 17.63 per cent to Rs 16.61 lakh crore in the financial year 2022-23 (FY23), against Rs 14.12 lakh crore in the preceding financial year. The Budget Estimates (BE) for direct tax revenue in the Union Budget for FY23 were fixed at Rs 14.20 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs 16.50...

Net direct tax collections for FY 2022-23 exceed budget estimate by nearly 17%

Net direct tax collections for FY 2022-23 exceed budget estimate by nearly 17%

NEW DELHI: The provisional figures of direct tax collections for the financial year (FY) 2022-23 show that net collections exceeded the Union Budget estimates by Rs 2.41 lakh crore i.e. by 16.97%, according to a statement released by the finance ministry on Monday.The net collections for 2022-23 stand at Rs 16.61 lakh crore, compared to Rs 14.12 lakh crore in the preceding financial year -- representing...

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