Gross direct tax collections up by 30% at ₹10,93,385 crore in current fiscal

Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at ₹10,93,385 crore, which was over ₹8,43,301 crore collected during the corresponding period of last year.

The growth has been achieved due to the performance of the economy, administration and implementation of the provisions of the direct tax laws, finance ministry sources said.

The Central government has set a target of Rs 14,20,000 crore for the collection of direct taxes as per budget estimates for 2022-23.

Meanwhile, direct tax collected in the current fiscal till November 30 was ₹8,77,470 crore.

In 2021-22, direct tax collections were ₹14,12,422 crore. In 2020-21, they stood at ₹9,47,176 crore and in 2019-20 they were ₹10,50,681 crore.

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