Net direct tax mop-up rises 45% to over Rs 3.39 lakh crore till mid-June – Times of India


NEW DELHI: The web direct tax collections until mid-June this fiscal elevated 45 per cent to over Rs 3.39 lakh crore, buoyed by first rate advance tax mop-up, the Revenue Tax division stated on Friday.
The internet direct tax assortment of over Rs 3.39 lakh crore consists of Company Tax (CIT) at over Rs 1.70 lakh crore and Private Revenue Tax (PIT), together with Safety Transaction Tax (STT), at over Rs 1.67 lakh crore.
“The figures of direct tax collections for the monetary 12 months 2022-23, as on June 16, 2022, present that internet collections are at Rs 3,39,225 crore in comparison with Rs 2,33,651 crore over the corresponding interval of the previous 12 months, representing a rise of 45 per cent over the collections of the previous 12 months,” the Central Board of Direct Taxes (CBDT) stated.
The advance tax collections for the primary quarter this fiscal stand at over Rs 1.01 lakh crore towards Rs 75,783 crore within the corresponding interval final fiscal, a progress of greater than 33 per cent.
This includes CIT at Rs 78,842 crore and PIT at Rs 22,175 crore.

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