The growth rate for CIT was 19.72 percent while that for PIT was 30.46 percent
Direct tax collections stood at Rs.14.71 lakh crore till January 10, 24.58 percent higher than the corresponding period of last year.
Direct tax collection, net of refunds, stood at Rs.12.31 lakh crore which is 19.55 percent higher than the net collections for the corresponding period of last year.
This collection is 86.68 percent of the total budget estimates of direct taxes for 2022-23.
Refunds amounting to Rs.2.40 lakh crore have been issued between April 1, 2022, and January 10, 2023, which are 58.74 percent higher than refunds issued during the corresponding period of last year.
So far, as the growth rate for corporate income tax (CIT) and personal income tax (PIT) in terms of gross revenue collections is concerned, the growth rate for CIT was 19.72 percent while that for PIT (including STT) was 30.46 percent.
[With Inputs from IANS]
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