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

Net direct tax collection after adjusting refunds stands at Rs 5.84 lakh crore, which is 17.33 per cent higher than the net collections for the corresponding period of last year.

Gross direct tax collection grew 15.73 per cent to Rs 6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said today.

Net direct tax collection after adjusting refunds stands at Rs 5.84 lakh crore, which is 17.33 per cent higher than the net collections for the corresponding period of last year.

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