Team Blitz India
NEW DELHI: India’s net direct tax collection stood at Rs 15.60 lakh crore as of February 10, reaching approximately 80 per cent of the revised target set for the entire financial year, the official government data showed.
“The provisional figures of direct tax collections continue to register steady growth. Direct tax collections up to 10th February, 2024 show that gross collections are at Rs 18.38 lakh crore, which is 17.30 per cent higher than the gross collections for the corresponding period of last year,” Central Board of Direct Taxes (CBDT) said in a statement.
On February 1, Finance Minister Nirmala Sitharaman revised direct tax collection aim to Rs. 19.45 lakh crore for the current financial year, higher than Rs 16.61 lakh crore collected in fiscal 2023 and Rs 14.08 lakh crore in fiscal 2022.