The provisional figures of Direct Tax collections up to 9^th July, 2023 continue to register steady growth. Direct Tax collections up to 9^th July, 2023 show that gross collections are at Rs. 5.17 lakh crore which is 14.65% higher than the gross collections for the corresponding period of last year.

Direct Tax collection, net of refunds, stands at Rs. 4.75 lakh crore which is 15.87% higher than the net collections for the corresponding period of last year. This collection is 26.05% of the total Budget Estimates of Direct Taxes for F.Y. 2023-24.

Refunds amounting to Rs. 42,000 crore have been issued during 1^st April, 2023 to 9^th July 2023, which are 2.55% higher than refunds issued during the same period in the preceding year.

****

PPG/KMN