Direct tax collection was Rs 16.61 lakh crore in 2022-23, 2.41 lakh crore from the government’s estimate

Direct Tax Collection: Direct tax collection in the financial year 2022-23 has been more than the government’s estimate. According to the data released by the Finance Ministry, the net direct tax collection in 2022-23 has been Rs 16.61 lakh crore, which was Rs 14.12 lakh crore in the previous year 2021-22. According to the Finance Ministry, the direct tax collection in 2022-23 has been 17.63 percent more than the previous year.

According to the data released by the Ministry of Finance regarding direct tax collection, according to the provisional data in 2022-23, the direct tax collection has been Rs 16.61 lakh crore, which is Rs 2.41 lakh crore more than the budget estimate with a jump of 16.97 per cent. The target of Rs 14.20 lakh crore direct tax collection was set in the budget estimates, which was increased to Rs 16.50 lakh crore in the revised estimate. But the direct tax collection figures have been 16.97 percent more than the budget estimate and 0.69 percent more than the revised estimate.