Net direct tax collections have risen 11.2% in the first two and a half months of this financial year, with advance tax inflows for the first quarter of 2023-24 increasing 13.7%, the Finance Ministry said on June 18.
As of June 17, the gross direct tax kitty had grown 12.7% over the same period last year to cross ₹4.19 lakh crore.
Of the gross collections so far, Advance Tax accounted for ₹1,16,776 crore while Tax Deducted at Source was ₹2,71,849 crore. Inflows from Self-Assessment Tax stood at ₹18,128 crore, while regular assessment yielded ₹9,977 crore.
