Direct tax collection increased by 17.63 per cent to Rs 16.61 | The IITian Trader

Direct tax collection increased by 17.63 per cent to Rs 16.61 lakh crore in 2022-23, exceeding the budget's revised estimate, provisional data released by the finance ministry has showed. It was Rs 14.12 lakh crore in 2021-22. The budget estimate for direct taxes was set at Rs 14.20 lakh crore, which was later raised to Rs 16.5 lakh crore. Provisional direct tax collection net of refunds has exceeded the initial estimate by Rs 2.41 lakh crore, or 16.97 per cent.