<h1>India's Direct Tax Collections Surge 25.9% in FY 2022-23, Driven by Corporate and Personal Income Taxes.</h1> Gross Direct Tax collections for FY 2022-23 have increased by 25.90%, reaching Rs. 13,63,649 crore, compared to Rs. 10,83,150 crore in FY 2021-22. Net Direct Tax collections rose by 19.81%, totaling Rs. 11,35,754 crore. The Advance Tax collections stand at Rs. 5,21,302 crore, marking a 12.83% growth. Corporation Tax and Personal Income Tax collections, including Securities Transaction Tax, are significant contributors. Refunds issued have grown by 68.57%, amounting to Rs. 2,27,896 crore. The efficiency in processing income tax returns has improved, with 96.5% processed by mid-December 2022.