The Centre's direct tax collections have surpassed 86% of the budget target for 2022-23 so far, providing cushion to the government amid higher-than-estimated spending due to global economic disruptions, data released by the central board of direct taxes (CBDT) showed on Wednesday. At this pace, economists expect the direct tax mop-up to exceed the budget target by at least ₹2 trillion, partly absorbing the additional spending burden.
Direct tax collections, net of refunds, comprising corporation tax and personal income tax, touched ₹12.31 trillion as of 10 January, which is 19.5% higher than collections in the corresponding period last year, according to data released by CBDT.
Denne historien er fra January 12, 2023-utgaven av Mint Mumbai.
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Denne historien er fra January 12, 2023-utgaven av Mint Mumbai.
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