Economy News

Direct Tax Collections 2023-24

April 27 , 2024 900 days 1461 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.