India’s Direct Tax Collection Increases 16%, Touching Rs. 4.75 lakh crore

  • Net direct tax collection has spiked by 15.87% from last year, now at Rs. 4.75 lakh crore.
  • Refunds of Rs. 42,000 crore were issued from April 1- July 9, 2023, a 2.55% increase from the same period last year.
  • Direct tax collection, including income and corporate taxes, rose by 14.65% on a gross basis, reaching Rs. 5.17 lakh crore.
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