{"id":1305,"date":"2024-02-11T16:07:19","date_gmt":"2024-02-11T10:37:19","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=1305"},"modified":"2024-02-21T23:32:30","modified_gmt":"2024-02-21T18:02:30","slug":"refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/","title":{"rendered":"Refunds worth Rs. 2.77 lakh crore issued during 1st April, 2023 to 10th February, 2024"},"content":{"rendered":"<p style=\"background: white; margin: 0in 0in 7.5pt; text-align: justify;\"><strong>New Delhi.<\/strong> The provisional figures of Direct Tax collections continue to register steady growth. Direct Tax collections up to 10<sup style=\"box-sizing: border-box;\">th<\/sup>\u00a0February, 2024 show that gross collections are at Rs. 18.38 lakh crore which is 17.30% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. 15.60 lakh crore which is 20.25 % higher than the net collections for the corresponding period of last year. This collection is 80.23% of the total Revised Estimates of Direct Taxes for F.Y. 2023-24.<\/p>\n<p style=\"background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0in 0in 7.5pt; text-align: justify;\"><span style=\"box-sizing: border-box;\"><strong>The gross<\/strong> revenue collections for Corporate Income Tax (CIT) and Personal Income Tax (PIT) also show a steady growth.The growth rate for CIT is 9.16% while that for PIT is 25.67% (PIT only)\/ 25.93% (PIT including STT). After adjustment of refunds, the net growth in CIT collections is 13.57% and that in PIT collections is 26.91% (PIT only)\/ 27.17% (PIT including STT).\u00a0<\/span><span style=\"box-sizing: border-box;\">Refunds amounting to Rs. 2.77 lakh crore have been issued during 1<sup style=\"box-sizing: border-box;\">st<\/sup>\u00a0April, 2023 to 10<sup style=\"box-sizing: border-box;\">th<\/sup>February, 2024.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi. The provisional figures of Direct Tax collections continue to register steady growth. Direct Tax collections up to 10th\u00a0February, 2024 show that gross collections are at Rs. 18.38 lakh crore which is 17.30% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[445,263,444],"class_list":["post-1305","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business-english-news","tag-collection","tag-direct-tax","tag-refund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Refunds worth Rs. 2.77 lakh crore issued during 1st April, 2023 to 10th February, 2024 - Matribhumi Samachar English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refunds worth Rs. 2.77 lakh crore issued during 1st April, 2023 to 10th February, 2024 - Matribhumi Samachar English\" \/>\n<meta property=\"og:description\" content=\"New Delhi. The provisional figures of Direct Tax collections continue to register steady growth. Direct Tax collections up to 10th\u00a0February, 2024 show that gross collections are at Rs. 18.38 lakh crore which is 17.30% higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, stands at Rs. &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Matribhumi Samachar English\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-11T10:37:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-21T18:02:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/matribhumisamachar.com\/en\/wp-content\/uploads\/2024\/02\/Refunds-worth-Rs.-2.77-lakh-crore-issued-during-1st-April-2023-to-10th-February-2024.png\" \/>\n\t<meta property=\"og:image:width\" content=\"626\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saransh Kanaujia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saransh Kanaujia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/\",\"url\":\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/\",\"name\":\"Refunds worth Rs. 2.77 lakh crore issued during 1st April, 2023 to 10th February, 2024 - Matribhumi Samachar English\",\"isPartOf\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#website\"},\"datePublished\":\"2024-02-11T10:37:19+00:00\",\"dateModified\":\"2024-02-21T18:02:30+00:00\",\"author\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1\"},\"breadcrumb\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/11\/refunds-worth-rs-2-77-lakh-crore-issued-during-1st-april-2023-to-10th-february-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/matribhumisamachar.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Refunds worth Rs. 2.77 lakh crore issued during 1st April, 2023 to 10th February, 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#website\",\"url\":\"https:\/\/matribhumisamachar.com\/en\/\",\"name\":\"Matribhumi Samachar English\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/matribhumisamachar.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1\",\"name\":\"Saransh Kanaujia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g\",\"caption\":\"Saransh Kanaujia\"},\"description\":\"Saransh Kanaujia is currently editor of Matribhumi Samachar Group. 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