<h1>India's Direct Tax Collections Surge 23.8% in 2022-23; Corporate Tax Up 16.73%, Personal Tax Jumps 32.3.</h1> Direct tax collections in India for the fiscal year 2022-23 up to October 8, 2022, have shown a steady growth, with gross collections reaching Rs. 8.98 lakh crore, a 23.8% increase compared to the same period last year. Net collections, after refunds, are Rs. 7.45 lakh crore, marking a 16.3% rise. This represents 52.46% of the total budget estimates for the fiscal year. Corporate Income Tax collections grew by 16.73%, while Personal Income Tax, including Securities Transaction Tax, increased by 32.30%. Refunds issued during this period totaled Rs. 1.53 lakh crore, an 81% increase from the previous year.