Direct Tax Collections: Net direct tax collections For FY 23 exceed estimates; grow at 17.63% to Rs 16.61 lakh cr – The Economic Times Video

India’s net direct tax collections surged by 17.63 per cent to Rs 16.61 lakh crore in the financial year 2022-23 (FY23), against Rs 14.12 lakh crore in the preceding financial year. The Budget Estimates (BE) for direct tax revenue in the Union Budget for FY23 were fixed at Rs 14.20 lakh crore which were revised and the Revised Estimates (RE) were fixed at Rs 16.50 lakh crore.