Income Tax Department Says 'Corporate Tax Collections Grew 34% During FY 2022–23'

The Income Tax Department on Friday said that corporate tax collections during FY 2022-23 registered a robust growth of 34 percent over the collections in the corresponding period of FY 2021-22. "Collections during FY 2021-22 at Rs 7.23 lakh crore saw a growth of over 58% as compared to FY 2020-21," the IT Dept said.

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Corporate tax collections during FY 2022-23 (till July 31, 2022) register a robust growth of 34% over the collections in corresponding period of FY 2021-22. Collections during FY 2021-22 at Rs 7.23 lakh crore saw a growth of over 58% as compared to FY 2020-21: Income Tax Dept pic.twitter.com/z1BJ68zQwJ

— ANI (@ANI) August 12, 2022

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