The government has almost reached 97% of its revised target for direct tax collections this fiscal year, with net collections exceeding Rs 18.90 lakh crore.
This includes higher personal income tax collections compared to corporation tax, with refunds of around Rs 3.37 lakh crore issued so far.
Before refunds, the gross direct tax collections amounted to Rs 22.27 lakh crore, showing an 18.74% growth from the previous year. The Central Board of Direct Taxes (CBDT) confirmed these figures for the financial year 2023-24.
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