According to the Income Tax Department, the gross tax collection stands at ₹13.63 lakh crore as of 17 December 2022 as against ₹10.83 lakh crore in the previous year. The net collection has risen from ₹6.2 lakh crore to ₹19.3 lakh crore.
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Budget 2023
Budget 2023: Net tax collection sees spike in past 2 years
The gross tax collection stands at ₹13.63 lakh crore as of 17 December 2022 as against ₹10.83 lakh crore in the previous year.
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The Union Budget 2023 proposed a 13% increase in the overall defence budget for FY24 at ₹5.93 lakh crore as compared to ₹5.25 lakh crore in FY23.
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