Anand Taxvala

Next year jyada amendment nhi padhna parega 😂

Anand Taxvala

When there's no Change in income Tax & Gst in
CA's to Nirmala Tai:
Ye Nirmala Tai ne CA's ko jeena nahi dena hai.

Anand Taxvala

Here you can learn the latest & update information about Tax, Computerized Accounting, Account, Data Analyst.
Anand Taxvala

Income Tax Department has released a consolidated Time-Series data upto FY 2022-23 with a focus on placing key statistics related to Direct Taxes in public domain.

Key highlights:

👉160.52% growth in Net Direct Tax Collections from Rs. 6,38,596 crore in F.Y. 2013-14 to Rs. 16,63,686 crore in F.Y. 2022-23.

👉173.31% increase in Gross Direct Tax Collections from Rs. 7,21,604 crore in FY 2013-14 to Rs. 19,72,248 crore in F.Y. 2022-23.

👉Direct Tax to GDP ratio increased from 5.62% in F.Y. 2013-14 to 6.11% in F.Y. 2022-23.

👉Cost of collection reduced from 0.57% of total collection in the F.Y. 2013-14 to 0.51% in F.Y. 2022-23.

👉104.91% increase in total number of ITRs filed in FY 2022-23 which stands at 7.78 crore as compared to 3.80 crore ITRs filed in FY 2013-14.

This time series data is available at incometaxindia.gov.in.

👉 ₹1,72,129 crore gross revenue collected during January 2024; records 10.4% Year-on-Year growth

👉 At ₹1,72,129 crore, collections are 2nd highest ever; crosses ₹1.70 lakh crore mark for the third time in FY 2023-24

👉 With overall collection reaching ₹16.69 lakh crore, collections register 11.6% Y-o-Y growth in 10-month period

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