{"id":26134,"date":"2024-02-13T23:27:43","date_gmt":"2024-02-13T17:57:43","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=26134"},"modified":"2025-12-25T02:35:34","modified_gmt":"2025-12-24T21:05:34","slug":"gross-direct-tax-collections","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/gross-direct-tax-collections\/","title":{"rendered":"Gross Direct Tax collections for FY 2023-24 Upto 10.02.2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2d59702814\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2d59702814\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/gross-direct-tax-collections\/#Gross_Direct_Tax_collections_for_Financial_Year_2023-24_upto_10022024\" title=\"Gross Direct Tax collections for Financial Year 2023-24 upto 10.02.2024\u00a0\">Gross Direct Tax collections for Financial Year 2023-24 upto 10.02.2024\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/gross-direct-tax-collections\/#Latest_Update_Net_direct_tax_revenue_increased_by_1988_till_17_March_2024\" title=\"Latest Update Net direct tax revenue increased by 19.88% till 17 March 2024\">Latest Update Net direct tax revenue increased by 19.88% till 17 March 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/gross-direct-tax-collections\/#CBDT_Significant_year-on-year_growth_of_2148_in_Net_Direct_tax_collections_for_FY_2024-25\" title=\"CBDT : Significant year-on-year growth of 21.48% in Net Direct tax collections for FY 2024-25\">CBDT : Significant year-on-year growth of 21.48% in Net Direct tax collections for FY 2024-25<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26136\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Gross-Direct-Tax-collections.jpg\" alt=\"The Gross Direct Tax collections\" width=\"1200\" height=\"630\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Gross-Direct-Tax-collections.jpg 1200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Gross-Direct-Tax-collections-300x158.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Gross-Direct-Tax-collections-1024x538.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Gross-Direct-Tax-collections-768x403.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Gross-Direct-Tax-collections-800x420.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Gross_Direct_Tax_collections_for_Financial_Year_2023-24_upto_10022024\"><\/span><span style=\"color: #000080;\">Gross Direct Tax collections for Financial Year 2023-24 upto 10.02.2024\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Finance Ministry has made available the direct tax collecting results. As of February 10, 2024, the provisional figures demonstrate an excellent year-over-year gain of 17.30%. CBDT in his latest report released on Sunday, stated that Indian nation&#8217;s net direct tax revenues for the same period last year were \u20b915.60 lakh crore, a 20.25 percent increase. According to the Central Board of Direct Taxes, this collection represents 80.23% of the total Revised Estimates of Direct Taxes for FY 2023\u20132024.<\/p>\n<ul>\n<li>According to Central Board of Direct Taxes data, Gross Direct Tax collections for Financial Year 2023-24 upto 10.02.2024 are at INR 18.38 lakh Cr, higher by 17.30 Percentage over Total Gross Collections for corresponding period of last year.<\/li>\n<li>As per the Central Board of Direct Taxes data, Net Direct Tax Collections at INR 15.60 lakh Cr are 20.25 Percentage higher than net Direct Tax collections for corresponding period of proceeding year.<\/li>\n<li>Moreover that, Corporate Income Tax gross Revenue Collections &amp; Personal Income Tax collection also showed stable increasing trends as per Central Board of Direct Taxes (CBDT) said in a statement<\/li>\n<li>Corporate Income Tax Net growth rate stood at 13.57% along with Personal Income Tax collections Net growth rate stood at 26.91%.<\/li>\n<li>Total Income Tax refunds of INR 2.77 lakh Cr have been issued upto 10.02.2024.<\/li>\n<li>Your can access the CBDT &#8211; Direct tax Press Release at: <a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2004965\">https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2004965<\/a>\n<div class=\"sharedaddy sd-sharing-enabled\"><\/div>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-26135\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Collection-.jpg\" alt=\"Gross Direct Tax collections for Financial Year 2023-24\" width=\"970\" height=\"1022\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Collection-.jpg 853w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Collection--285x300.jpg 285w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Collection--768x809.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Collection--800x843.jpg 800w\" sizes=\"(max-width: 970px) 100vw, 970px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Latest_Update_Net_direct_tax_revenue_increased_by_1988_till_17_March_2024\"><\/span><span style=\"color: #000080;\"><strong>Latest Update Net direct tax revenue increased by 19.88% till 17 March 2024<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-26319\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Direct-Tax-collect-.jpg\" alt=\"Direct Tax collect\" width=\"1079\" height=\"629\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Direct-Tax-collect-.jpg 712w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/02\/Direct-Tax-collect--300x175.jpg 300w\" sizes=\"(max-width: 1079px) 100vw, 1079px\" \/><\/p>\n<p>The Centre\u2019s Net direct tax revenue increased by 19.88% to exceed INR 18.90 trillion till to March 17, 2024 in the current on going FY. \u00a0Net direct tax collection of INR 18,90,259 Cr includes Personal income tax, including STT, at INR 9,72,224 Cr (net of income tax refund) &amp;\u00a0 Corporation tax, at INR 9,14,469 Cr (Net of income tax refund). The mop-up is 19.9% higher year over year and represents 97% of the revised goal (RE) of Rs 19.5 trillion for FY24.<\/p>\n<p class=\"mb-2 font-medium text-text-primary\">In Summary Net of refunds, Direct Tax collection,\u00a0 stands at INR 15.60 lakh CR\u00a0 with year over year growth of 20.25%, &amp; Till to March 17, 2024, Net direct tax revenue increased by 19.88%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"CBDT_Significant_year-on-year_growth_of_2148_in_Net_Direct_tax_collections_for_FY_2024-25\"><\/span><span style=\"color: #000080;\"><strong>CBDT : Significant year-on-year growth of 21.48% in Net Direct tax collections for FY 2024-25<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Central Board of Direct Taxes reported a significant year-on-year growth of 21.48% in net direct tax collections for FY 2024-25, reaching \u20b912.01 lakh crore as of September 17, 2024. This growth is a strong indicator of the ongoing improvement in tax compliance and economic activity.<\/p>\n<p>The net collections include Corporate taxes amounting to INR 5.59 lakh crore, Personal income tax totaling \u20b96.14 lakh crore, and Securities transaction tax collection standing at INR 26,154 crore. For comparison, in FY 2023-24, the net direct tax collections stood at \u20b99.88 lakh crore as of September 17, 2023. The 21.48% increase highlights the robust expansion in both corporate and personal tax revenue, reflecting increased profitability and better compliance measures.<\/p>\n<p>Popular blogs :<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-1-2016\/\">F&amp;Q on NRI Income Tax Compliance (Help Centre)<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/key-provisions-of-nri-taxability\/\">Key Provision for <\/a><a href=\"https:\/\/www.caindelhiindia.com\/blog\/income-tax-deductions-to-nri-in-india\/\">NRI Taxation<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/tax-implications-for-nris-who-want-to-sell-property-in-india\/\">Tax implication for NRI on selling property<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Gross Direct Tax collections for Financial Year 2023-24 upto 10.02.2024\u00a0 The Finance Ministry has made available the direct tax collecting results. As of February 10, 2024, the provisional figures demonstrate an excellent year-over-year gain of 17.30%. CBDT in his latest report released on Sunday, stated that Indian nation&#8217;s net direct tax revenues for the same &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150],"tags":[2144],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/26134"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=26134"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/26134\/revisions"}],"predecessor-version":[{"id":30805,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/26134\/revisions\/30805"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=26134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=26134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=26134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}