NEW DELHI: The provisional figures of direct tax assortment for the monetary 12 months (FY) 2022-23 display that web collections exceeded the Union Budget estimates via Rs 2.41 lakh crore ie via 16.97%, in line with a commentary launched via the finance ministry on Monday.
The web collections for 2022-23 stand at Rs 16.61 lakh crore, in comparison to Rs 14.12 lakh crore within the previous monetary 12 months — representing an building up of 17.63%.
The Budget Estimates (BE) for Direct Tax earnings within the 2023 Union Budget had been mounted at Rs 14.2 lakh crore, which have been revised (RE) to Rs 16.5 lakh crore.
The Provisional Direct Tax collections (web of the refunds) have exceeded the BE via 16.97% and RE via 0.69%.
The gross assortment (provisional) of Direct Taxes (sooner than adjusting for refunds) for FY 2022-23 stands at Rs 19.68 lakh crore appearing a enlargement of 20.33% over the gross choice of Rs 16.36 lakh crore in FY 2021-22.
The gross Corporate Tax assortment (provisional) in FY 2022-23 is at Rs 10,04,118 crore and has proven a enlargement of 16.91% over the gross company tax choice of Rs.8,58,849 crore of the previous 12 months.
The gross non-public source of revenue tax The assortment (together with STT) (provisional) in FY 2022-23 is at Rs 9,60,764 crore and has proven a enlargement of 24.23% over Rs 7,73,389 crore of the previous 12 months.
Refunds of Rs 3,07,352 crore were issued within the FY 2022-23 appearing an building up of 37.42 % over the refunds of Rs.2,23,658 crore issued in FY 2021-22.
The web collections for 2022-23 stand at Rs 16.61 lakh crore, in comparison to Rs 14.12 lakh crore within the previous monetary 12 months — representing an building up of 17.63%.
The Budget Estimates (BE) for Direct Tax earnings within the 2023 Union Budget had been mounted at Rs 14.2 lakh crore, which have been revised (RE) to Rs 16.5 lakh crore.
The Provisional Direct Tax collections (web of the refunds) have exceeded the BE via 16.97% and RE via 0.69%.
The gross assortment (provisional) of Direct Taxes (sooner than adjusting for refunds) for FY 2022-23 stands at Rs 19.68 lakh crore appearing a enlargement of 20.33% over the gross choice of Rs 16.36 lakh crore in FY 2021-22.
The gross Corporate Tax assortment (provisional) in FY 2022-23 is at Rs 10,04,118 crore and has proven a enlargement of 16.91% over the gross company tax choice of Rs.8,58,849 crore of the previous 12 months.
The gross non-public source of revenue tax The assortment (together with STT) (provisional) in FY 2022-23 is at Rs 9,60,764 crore and has proven a enlargement of 24.23% over Rs 7,73,389 crore of the previous 12 months.
Refunds of Rs 3,07,352 crore were issued within the FY 2022-23 appearing an building up of 37.42 % over the refunds of Rs.2,23,658 crore issued in FY 2021-22.