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DIRECT TAX COLLECTIONS 24% HIGHER AT RS 8.1 LAKH CRORE
The Daily Guardian
|August 13, 2024
The gross direct tax collections by the government so far in 2024-15 were 24 per cent higher on a yearly basis at Rs 8.13 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed on Monday. During the same period last year, the gross tax collections were Rs 6.55 lakh crore.
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Coming to net direct tax collection, it rose 22.5 per cent to Rs 6.92 lakh crore from Rs 5.65 lakh crore.
Refunds for the period rose 33.5 per cent to Rs 1.2 lakh crore from Rs 90,028 crore.
Direct taxes included here are corporate tax, personal income tax, securities transaction tax, equalization levy, fringe benefits tax, wealth tax, banking cash transaction tax , hotel receipt tax, interest tax, expenditure tax, estate duty, and gift tax.
This story is from the August 13, 2024 edition of The Daily Guardian.
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