New Delhi [India], Gross direct tax collections in India for the financial year (FY 2023-24) reached Rs 19.58 lakh crore, compared to Rs 16.64 lakh crore in FY 2022-23, an increase of 17.70 percent. it shows. Released by the Union Finance Ministry, the Budget Estimate (BE) for direct tax revenue in the Union Budget for FY 2023-24 was set at Rs 18.23 lakh crore, however, the provisional direct tax collections (net refunds) are expected to exceed this. BE by a margin of 7.40 per cent. Moreover, they raised the revised estimate (RE) by more than Rs 13,000 crore, while the RE was fixed at Rs 19.45 lakh crore. Gross collection of direct taxes (provisional) for the financial year (before adjustment for refunds). 2023-24 is Rs 23.37 lakh crore, showing an increase of 18.48 per cent over the previous financial year. Direct tax is a tax that a person or organization pays directly to the entity that levies it. Examples include breaking down the income tax. According to the data, the gross corporate tax collection (provisional) in FY 2023-24 reached Rs. 11.32 lakh crore, which shows an increase of 13.06 percent over the previous year. Similarly, NE corporate tax collection (provisional) reached Rs. 9.11 lakh crore, a growth of 10.26 per cent in the personal income tax sector, with gross collections (including STT) increasing to Rs. 12.01 lakh crore in the financial year 2023-24, which shows a significant increase of 24.26 percent as compared to the previous year. Net personal income tax collection (including STT) reached Rs. 10.44 lakh crore, which shows a substantial growth of 25.23 percent. Apart from this, a total of Rs. Was refunded. According to data released by the Finance Ministry, Rs 3.79 lakh crore was issued in FY 2023-24, showing an increase of 22.74 per cent compared to the refunds issued in FY 2022-23.