Net direct tax collection grew 22.48 per cent to about ₹ 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
The mop-up includes personal income tax collection of ₹ 4.47 lakh crore and corporate tax collection of ₹ 2.22 lakh crore. Securities Transaction Tax (STT) mopped up ₹ 21,599 crore, while other taxes (which include equalisation levy and gift tax) earned ₹ 1,617 crore.
Refunds worth ₹ 1.20 lakh crore were issued between April 1 to August 11, a growth of 33.49 per cent.
On a gross basis, direct tax collection grew 24 per cent to ₹ 8.13 lakh crore. The collection includes PIT (personal income tax) of ₹ 4.82 lakh crore and corporate tax of ₹ 3.08 lakh crore.
The government has budgeted to collect ₹ 22.07 lakh crore in the current fiscal from direct taxes.
Get the latest news updates and stay informed with FELA NEWS!
