Direct Tax collections rise 31 percent YoY at above 10 trillion rs till 10 November – Business News India

read on appThere is good news for the economy. In the current financial year till November 10, gross direct tax collection has increased by 31 percent to Rs 10.54 lakh crore. This

growth was mainly contributed by the better performance of personal income tax collection. Net direct tax collection after adjustment for refund stood at Rs 8.71 lakh crore. This

includes personal and corporate taxes. This is 61.31 percent of the target set for the whole year in the general budget. Refunds worth Rs 1.83 lakh crore have been issued between

April 1 and November 10. Read this-Footwear company's profit fell by 49%, now the stock crashed, IPO came 7 months ago The Finance Ministry said that the direct tax

collection till November 10, 2022 shows that the gross collection is Rs 10.54 lakh crore. This is 30.69 percent more than the gross collection of the same period last year. Gross

Corporate Collection and Personal Income Tax (PIT) collection grew by 22.03 per cent and 40.64 per cent, respectively.