Net direct tax collection increases 23% to Rs 7.04 lakh crore so far in FY23: CBDT Chairman
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Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta has said that the net direct tax collection has increased 23 per cent to Rs 7.04 lakh crore so far in FY23. He said the income and corporate tax collections were at a record high of Rs 14.09 lakh crore in 2021-22.
Gupta said the I-T e-filing portal has stabilised and it has facilitated 5.83 crore tax return filing as of July 31. A record 72 lakh returns were filed on the portal on a single day. July 31 was the last date for filing ITRs for salaried individuals for income earned in the 2021-22 fiscal.
He further said I-T refunds worth Rs 1.41 lakh crore have been issued so far this fiscal, which is an increase of 83 per cent over the same period last year.
