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06 April 2023

Direct tax collection increases by more than 17% in FY23, exceeding revised projections by 0.7%

For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.

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