The Indian government has collected Rs 6.53 lakh Crore as gross direct tax in the current fiscal year till August 10, according to data released on Friday. This represents a 15.7% increase year on year.
Direct tax collection, net of refunds, amounted to Rs 5.84 lakh crore as of August 10, 17.33% more than net collections for the same period last year and 32.03% of the Budget Estimates.
Refunds totalling Rs 0.69 lakh crore were issued between April 1, 2023, and August 10, 2023, representing a 3.73% increase over refunds issued during the same time the previous year, according to the government.
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