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of <h1>India's Direct Tax Collections Surge 18.29% in FY 2023-24; Net Collections Up 23.51% by September 16.</h1> Gross Direct Tax collections for the Financial Year 2023-24, as of September 16, 2023, have increased by 18.29%, totaling Rs. 9,87,061 crore. Net Direct Tax collections have grown by 23.51% to Rs. 8,65,117 crore, with Corporation Tax at Rs. 4,16,217 crore and Personal Income Tax, including Securities Transaction Tax, at Rs. 4,47,291 crore. Advance Tax collections reached Rs. 3,55,481 crore, marking a 20.73% growth. Refunds issued amounted to Rs. 1,21,944 crore. The figures reflect a substantial increase compared to the previous financial year.
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