TNPSC Thervupettagam

Direct Tax Collections 2023-24

April 27 , 2024 211 days 466 0
  • The Central government has collected 19.58 trillion in direct tax revenue in FY24 after adjusting for refunds.
  • This is showing a 17.7% growth annually, the Central Board of Direct Taxes (CBDT).
  • After adjusting for refunds, personal income tax receipt stood at 10.44 trillion in FY24, showing an annual growth of 25.23%.
  • Gross direct tax collection before adjusting for refunds stood at 23.37 trillion in FY24.
  • The government had originally estimated net direct tax revenue of   18.23 trillion, but revised it up to 19.45 trillion in the FY25 interim budget.

Leave a Reply

Your Comment is awaiting moderation.

Your email address will not be published. Required fields are marked *

Categories