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Direct tax | Direct tax collections exceed estimates in fiscal year 2024; jump 18 per cent to Rs 19 58 lakh crore

Direct tax | Direct tax collections exceed estimates in fiscal year 2024; jump 18 per cent to Rs 19 58 lakh crore
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Direct Tax Collections Exceed Estimates In FY24; Jump 18 Pc To INR 19 58 Lakh Crore

NEW DELHI India's net direct tax collections surged by a massive 17.7 per cent year-on-year to INR 19.58 crore in the fiscal year ended March 2024,

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FY24 net direct tax collections exceed budget estimation by 7 4%

FY24 net direct tax collections exceed budget estimation by 7 4%
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India s Direct Tax Collection Jumps 18% To Rs 19 58 Lakh Crore, Exceeds Estimates In FY24

Refunds aggregating to Rs 3.79 lakh crore have been issued in FY 2023-24, the CBDT said

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Direct tax collections up 18% in FY24, top revised budget estimate

At gross level, which is before adjusting for refunds, direct taxes collections for FY 2023-24 stood at Rs 23.37 lakh crore, a growth of 18.48 per cent over the gross collection of Rs 19.72 lakh crore in previous financial year.

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