Net direct tax collections till mid-June increase 45% at Rs 3,39 lakh crore
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The Central Board of Direct Taxes (CBDT) said net direct tax collections for the Financial Year 2022-23, as on June 16, 2022 (mid-June) increased 45 per cent at Rs 3,39,225 crore as compared to Rs 2,33,651 crore over the corresponding period of the preceding year. The rise in tax collection buoyed by decent advance tax mop-up.
The net direct tax collection of over Rs 3.39 lakh crore includes Corporation Tax (CIT) at over Rs 1.70 lakh crore and Personal Income Tax (PIT), including Security Transaction Tax (STT), at over Rs 1.67 lakh crore.
The advance tax collections for the first quarter this fiscal stand at over Rs 1.01 lakh crore against Rs 75,783 crore in the corresponding period last fiscal, a growth of more than 33 per cent. This comprises CIT at Rs 78,842 crore and PIT at Rs 22,175 crore.
