News > Tax collections up by 24% in current fiscal year-on-year

Tax collections up by 24% in current fiscal year-on-year

Net tax collection in 2022-23 was 24.26 per cent higher than the net collection for the corresponding period of last year. Also 66.92 per cent higher income tax refunds were issued till November 30 during the current fiscal, compared to the corresponding period of last year. In addition to this, seven crore ITRs were filed till November 30 for the assessment year 2022-23, the ministry informed.