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  • Mar 13, 2023
  • Growth in direct tax revenue moderates, up 16.8% on-year

    Direct tax collections grew 16.8% on year so far in the current fiscal year, led by a robust growth in personal income tax.
    According to data released by the finance ministry on Saturday, the collections, net of refunds, was Rs 13.73 trillion until March 10 this fiscal.

    “This collection is 96.67% of the total Budget estimates and 83.19% of the total revised estimates (RE) of direct taxes for the fiscal 2022-23,” said an official release.