New Delhi [India], August 11 (ANI): Direct tax collections so far in 2023-24 have seen steady growth with total mop-up at Rs 6.53 lakh crore, a 15.73 per cent increase over the amount received in the same period last financial year.

Direct Tax collection, net of refunds, stands at Rs. 5.84 lakh crore, which is 17.33 per cent higher than the net collections for the corresponding period of last year.

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According to a press release by the Central Board of Direct Taxes (CBDT), this collection is 32.03 per cent of the total Budget estimates of direct taxes for 2023-24.

“Refunds amounting to Rs. 0.69 lakh crore have been issued from April 1, 2023 to August 10, 2023, which are 3.73 per cent higher than refunds issued during the same period in the preceding year,” the release said. (ANI)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)