Tax Collection: Tax collection increased by 30 percent to Rs 8.36 lakh crore in the current financial year


Photo: FILE Tax Collection

Highlights

  • The Ministry of Finance gave this information on Sunday
  • The tax collection of the previous fiscal year for the same period was 6,42,287 crore
  • रिफ़्ड के बाद सुद्ध सर्गा 23 के बादकर 7,00,669 करे हो गाया

Tax Collection: advance tax collection from the current financial year to September 17, total direct tax collection 30 প্র্তি বাধাক্র 8.36 লাকা কর্র র্র্য়া Ministry of Finance gave this information on Sunday. The ministry said in a statement, “The total collection of direct taxes for the financial year 2022-23 so far (before adjustment for refunds) is Rs 8,36,225 crore, which is Rs 6,42,287 crore for the same period of the previous financial year.” 30 percent more than crore rupees.”

17 percent more than last year

The cumulative advance tax collection for April-September as of September 17 was Rs 2,95,308 crore, which is 17 percent higher than the same period a year ago. The statement said that of the total collection of 8.36 lakh crore rupees, 4.36 lakh crore rupees came from corporate income tax and 3.98 lakh crore rupees from personal income tax (PIT). PIT में प्रतिभुति कर शाया कर शाली है। After the adjustment of the refund, the net collection increased by 23 percent to 7,00,669 crore rupees.

Corporate collection also increased by 34 percent

The income tax department said that in the first four months of the current financial year, the corporate tax levied on companies’ income increased by 34 percent. The income tax department increased the corporate tax collection during April-July through a tweet. The department did not disclose the exact amount of the tax collection, it said, ”Corporate tax collection in the fiscal year 2022-23 till July 31, 2022 is 34 percent higher than the previous fiscal year.” The total corporate tax collection for the year 2021-22 is 7.23 lakh crore rupees, which is 58 percent more than the tax collection for the year 2020-21. The department said, “The positive trend of the increase in tax collection continues in the current fiscal year.” This shows that the steps taken to reduce tax rates without any exemptions are effective.” குருக்கு का जवाय देने का प्रीयोस कीय है The critics said that the company’s taxes will be reduced, and the government’s treasury will be damaged. In September 2019, the government decided to reduce the tax rate to 30 percent to 22 percent.

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