Gross direct tax collections until 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a progress of 30 per cent over collections of corresponding interval of final 12 months.
Net direct tax collections stood at Rs 7.01 lakh crore for the present fiscal until September 17, exhibiting a 23 per cent rise over the corresponding interval of final 12 months.
Cumulative advance tax collections have been at Rs 2.95 lakh crore until September 17 in 2022-23, a progress of 17 per cent over the corresponding interval of final 12 months, in response to the info launched by the Finance Ministry.
Refunds amounting to Rs 1,35,556 crore have been issued as much as September 17, up by 83 per cent over final 12 months.
Fast processing of revenue tax returns (ITRs), with virtually 93 per cent of duly verified ITRs have been processed until Saturday.
Faster problem of refunds have been initiated, which noticed an virtually 468 per cent enhance within the variety of refunds issued in 2022-23, the assertion mentioned.