{"id":4317,"date":"2024-04-21T16:21:47","date_gmt":"2024-04-21T10:51:47","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=4317"},"modified":"2024-04-21T16:21:47","modified_gmt":"2024-04-21T10:51:47","slug":"net-direct-tax-collections-provisional-for-financial-year-fy-2023-24-exceed-union-budget-estimates-by-rs-1-35-lakh-crore-i-e-by-7-40","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/04\/21\/net-direct-tax-collections-provisional-for-financial-year-fy-2023-24-exceed-union-budget-estimates-by-rs-1-35-lakh-crore-i-e-by-7-40\/","title":{"rendered":"Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%"},"content":{"rendered":"<p style=\"text-align: justify;\">The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that\u00a0<strong>Net collections are at Rs. 19.58 lakh crore<\/strong>,\u00a0<strong>compared to Rs. 16.64 lakh crore<\/strong>\u00a0in the preceding Financial Year i.e. FY 2022-23, representing an\u00a0<strong>increase of 17.70%.<\/strong><\/p>\n<p style=\"text-align: justify;\">The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were fixed at Rs. 18.23 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs. 19.45 lakh crore. The provisional Direct Tax collections (net of the refunds) have exceeded the BE by\u00a0<strong>7.40%<\/strong>\u00a0and RE by\u00a0<strong>0.67%.<\/strong><\/p>\n<p style=\"text-align: justify;\">The\u00a0<strong>Gross collection (provisional)<\/strong>\u00a0of Direct Taxes (before adjusting for refunds) for the FY 2023-24 stands at\u00a0<strong>Rs. 23.37 lakh crore<\/strong>\u00a0showing a growth of\u00a0<strong>18.48%<\/strong>\u00a0over the gross collection of\u00a0<strong>Rs. 19.72 lakh crore<\/strong>\u00a0in FY 2022-23.<\/p>\n<p style=\"text-align: justify;\">The\u00a0<strong>Gross Corporate Tax collection (provisional)<\/strong>\u00a0in FY 2023-24 is at\u00a0<strong>Rs. 11.32 lakh crore\u00a0<\/strong>and has shown a growth of\u00a0<strong>13.06%<\/strong>\u00a0over the gross corporate tax collection of Rs. 10 lakh crore of the preceding year. The\u00a0<strong>Net Corporate Tax<\/strong>\u00a0collection (provisional) in FY 2023- 24 is at\u00a0<strong>Rs. 9.11 lakh crore<\/strong>\u00a0and has shown a growth of\u00a0<strong>10.26%<\/strong>\u00a0over the net corporate tax collection of Rs. 8.26 lakh crore of the preceding year.<\/p>\n<p style=\"text-align: justify;\">The\u00a0<strong>Gross Personal Income Tax<\/strong>\u00a0collection (including STT) (provisional) in FY 2023- 24 is at\u00a0<strong>Rs. 12.01 lakh crore<\/strong>\u00a0and has shown a growth of\u00a0<strong>24.26%<\/strong>\u00a0over the Gross Personal Income Tax collection (including STT) of Rs. 9.67 lakh crore of the preceding year. The\u00a0<strong>Net Personal Income Tax\u00a0<\/strong>collection (including STT) (provisional) in FY 2023-24 is at\u00a0<strong>Rs. 10.44 lakh crore<\/strong>\u00a0and has shown a growth of\u00a0<strong>25.23%<\/strong>\u00a0over the Net Personal Income Tax collection (including STT) of Rs. 8.33 lakh crore of the preceding year.<\/p>\n<p style=\"text-align: justify;\"><strong>Refunds of Rs. 3.79 lakh crore<\/strong>\u00a0have been issued in the FY 2023-24 showing an increase of\u00a0<strong>22.74%<\/strong>\u00a0over the refunds of Rs. 3.09 lakh crore issued in FY 2022-23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that\u00a0Net collections are at Rs. 19.58 lakh crore,\u00a0compared to Rs. 16.64 lakh crore\u00a0in the preceding Financial Year i.e. FY 2022-23, representing an\u00a0increase of 17.70%. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023- 24 were [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52905],"tags":[],"class_list":["post-4317","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/4317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=4317"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/4317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/4321"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=4317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=4317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=4317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}