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Direct tax collections exceed estimates; jump 18 pc to Rs 19.58 lakh cr

india’s net direct tax collections surged by a massive 17.7 per cent year-on-year to rs 19.58 crore in the fiscal year ended march 2024, surpassing even revised estimates by a wide margin, the tax department said on sunday. net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the budget estimates by rs 1.35 lakh crore (7.40 per cent) and the revised estimates by rs 13,000 crore. the government had raised the target for direct tax colle

Tax: India's net direct tax kitty at Rs 19.58 lakh cr, exceeds revised estimates by Rs 13k cr

India's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income levels. Gross direct tax collections (provisional) for FY 2023-24 rose 18.48% to Rs 23.37 lakh crore, with refunds totaling Rs 3.79 lakh crore.

Direct Tax Collections Exceed Estimates In FY24; Jump 18 Pc To Rs 19.58 Lakh Crore

Direct tax collections exceed estimates in FY24; jump 18 per cent to Rs 19.58 lakh crore

Direct tax | Direct tax collections exceed estimates in fiscal year 2024; jump 18 per cent to Rs 19.58 lakh crore

Direct tax collections exceed estimates in FY24 jump 18 pc to Rs 19.58 lakh crore

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Direct tax collections exceed estimates in FY24; jump 18% to Rs 19.58 lakh crore

India Business News: Net direct tax collections experienced a significant increase of 17.7% year-on-year, reaching Rs 19.58 crore in the fiscal year that ended in March 20

Direct Tax Collections Exceed Estimates In FY24; Jump 18 Pc To INR 19.58 Lakh Crore

NEW DELHI — India's net direct tax collections surged by a massive 17.7 per cent year-on-year to INR 19.58 crore in the fiscal year ended March 2024,

Direct Tax Collections Exceed Estimates In FY24; Jump 18% To ₹19.58 Lakh Crore

India's Direct Tax Collection Jumps 18% To Rs 19.58 Lakh Crore, Exceeds Estimates In FY24

Refunds aggregating to Rs 3.79 lakh crore have been issued in FY 2023-24, the CBDT said