The country’s taxpayers are fulfilling their responsibilities well and are creating new records in tax payment. According to the data, an average tax of Rs 225 crore has been deposited every hour in the 224 days of the current financial year. During this period, a total tax of more than Rs 12 lakh crore has been deposited in the government treasury in 7 months and 10 days.
This huge amount includes corporate tax of more than Rs 5 lakh crore and non-corporate tax of more than Rs 6.50 lakh crore. This figure shows that the citizens of the country are taking their economic responsibilities seriously and are actively contributing to the government’s revenue. Let us know how much amount the government has received in the form of tax this financial year?
More than 15% increase in tax collection
Net direct tax collection between April 1 and November 10 this year has increased by 15.41 percent to Rs 12.11 lakh crore. According to the data of the Central Board of Direct Taxes (CBDT), this includes net corporate tax of Rs 5.10 lakh crore and non-corporate tax (including taxes paid by individuals, HUF, firms) of Rs 6.62 lakh crore. Other taxes amounted to Rs 35,923 crore. According to the data, gross direct tax collection during April to November 10 increased by 21.20 percent to Rs 15.02 lakh crore.
How much refund was issued
During this period, refunds of Rs 2.92 lakh crore were issued, which is 53 percent more than a year ago. After adjusting for refunds, net direct tax collection (which includes corporate, non-corporate and other taxes) stood at about Rs 12.11 lakh crore, which is 15.41 percent more than Rs 10.49 lakh crore in the same period of the previous financial year. The government has set a target of collecting Rs 22.12 lakh crore from direct taxes in the current financial year, which is 13 percent more than the previous financial year.
