Income tax Press release

Posted On: 18 DEC 2023 6:50PM by PIB Delhi The provisional figures of Direct Tax collections for the Financial Year 2023-24 (as on 17.12.2023) show that net collections are at Rs. 13,70,388 crore, compared to Rs. 11,35,754 crore in the corresponding period of the FY 2022-23, representing an increase of 20.66%. The Net Direct Tax collection of Rs. 13,70,388 crore (as on 17.12.2023) includes Corporation Tax (CIT) at Rs. 6,94,798 crore (net of refund) and Personal Income Tax (PIT) including Securities Transaction Tax (STT) at Rs. 6,72,962 crore (net of refund). The provisional figures of Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2023-24 stand at Rs. 15,95,639 crore, compared to Rs. 13,63,649 crore in the corresponding period of the preceding financial year, showing a growth of 17.01% over the collections of FY 2022-23. The Gross collection of Rs. 15,95,639 crore includes Corporation Tax (CIT) at Rs. 7,90,049 crore and Personal Income Tax (PIT) including Securities Transaction Tax (STT) at Rs. 8,02,902 crore. Minor head wise collection comprises Advance Tax of Rs. 6,25,249 crore; Tax Deducted at Source of Rs. 7,70,606 crore; Self-Assessment Tax of Rs. 1,48,677 crore; Regular Assessment Tax of Rs. 36,651 crore; and Tax under other minor heads of Rs. 14,455 crore. Provisional figures of total Advance Tax collections for FY 2023-24 (as on 17.12.2023) stand at Rs. 6,25,249 crore, against Advance Tax collections of Rs. 5,21,302 crore for the corresponding period of the immediately preceding Financial Year (i.e. FY 2022-23), showing a growth of 19.94%. The Advance Tax collection of Rs. 6,25,249 crore comprises Corporation Tax (CIT) at Rs. 4,81,840 crore and Personal Income Tax (PIT) at Rs. 1,43,404 crore. Refunds amounting to Rs. 2,25,251 crore have also been issued in the FY 2023-24 till 17.12.2023. 1. Gross Direct Tax collections for FY 2023-24 as on 17.12.2023 at Rs. 15.95 lakh crore, grow at 17.01% over collections of corresponding period in preceding year. 2. Net DT collections at Rs. 13.70 lakh crore, grow at 20.66% over collections of corresponding period in preceding year. 3. Advance Tax collections as on 17.12.2023 at Rs. 6.25 lakh crore grow at over 19.94% over the same period in preceding year. 4. Refunds amounting to Rs. 2,25,251 crore issued upto 17.12.2023. Company Registration, Trademark Registration, GST Registration, Project Report for bank loan, Annual Compliance & Tax Consulting Services Trademark Registration in India GST Registration Sole Proprietorship Registration Project Report for Bank Loan start a sole proprietorship register business for gst us business registration gst application file for sole proprietorship register for gst free gst filing set up a sole proprietorship registration of business sole proprietorship registration online form a sole proprietorship gst return filing online company registration in india government sole proprietorship business registration register sole proprietorship online business registration in india sole proprietorship application get a sole proprietorship free gst registration register a business in the us proprietorship company registration register gst for business proprietorship registration online sign up for a sole proprietorship business gst registration register business in us opening a sole proprietorship company registration service sole proprietorship license register company for gst business register online documents required for gst registration gst registration for proprietorship register business sole proprietorship business license sole proprietorship business sole proprietorship register a business in india india filing sole proprietorship sign up to register a business register business as sole proprietorship register your business as a sole proprietorship register for a sole proprietorship get gst registered new business registration online company registration process in india gst registered company company gst registration register your company in india register sole proprietorship india business registration free proprietorship firm
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