Tax Tax new
– Photo: istock
Expansion
According to the data released by the Central Board of Direct Taxes (CBDT) on Saturday, the net direct tax collection till July 11, 2024 has reached Rs 5,74,357 crore. This includes CIT of Rs 2,10,274 crore and PIT of Rs 3,46,036 crore. Apart from this, Securities Transaction Tax (STT) has contributed Rs 16,634 crore to direct tax collection. Net direct tax collection during the same period last year was Rs 4,80,458 crore.
Refunds worth Rs 70,902 crore have also been issued in the current financial year till July 11, which is 64.4 per cent more than the refunds issued during the same period last year. Gross direct tax collection (before refund adjustment) from April to July 11 stood at Rs 6.45 lakh crore, as against Rs 5.23 lakh crore in the same period a year ago, thus registering a growth of 23.24 per cent. Direct tax collection for the full financial year has been estimated at Rs 21.99 lakh crore in the interim budget.