Net direct taxes increase by 23.5 percent to over Rs 8.65 lakh crore due to better advance tax collection. - watsupptoday.com
Net direct taxes increase by 23.5 percent to over Rs 8.65 lakh crore due to better advance tax collection.
Posted 18 Sep 2023 05:33 PM

Agencies

The Finance Ministry announced on Monday that the net base of direct taxes increased by 23.51 percent to more than 8.65 million kroner in the year to mid-September, thanks to higher advance tax collection by companies.
The net direct tax base of Rs 8,65,117 crore (as of September 16) includes Corporate Income Tax (CIT) of Rs 4,16,217 crore and Personal Income Tax (PIT) which includes Securities Transaction Tax (STT) of Rs 4, 47,291. crore. crown crown
As of September 16, direct net taxes have risen to more than 23.51 percent, according to a ministry press release.
By mid-September, 3.55 million kroner had been collected from input sales tax, which is a 21 percent increase compared to the corresponding period of the previous financial year.

The entry tax collected on September 16 of Rs 3.55 lakh includes CIT of Rs 2.80 lakh and Rs 74,858. Till September 16, about Rs 1.22 crore has been repaid.
2023-24. in the financial year, the total amount of direct taxes is received in the gross amount of 9.87 million crowns, which is 18.29 percent more than in the previous financial year.

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