India’s net direct tax collections jumped by 17.63% to Rs 16.61 lakh crore in the financial year 2022-23 (FY23), from Rs 14.12 lakh crore in the ‘Previous exercice. The Budget Estimates (BE) for Direct Tax Revenue in the Union Budget for FY23 has been set at Rs 14.20 lakh crore which has been revised and the Revised Estimates (RE) has been set at Rs 16 .50 lakh crore.
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