CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What percentage increase in gross direct tax receipts was there in FY22?
A
40
B
30
C
10
D
20
Explanation: 

Detailed explanation-1: -2022 show that net collections are at Rs. 11,35,754 crore, compared to Rs. 9,47,959 crore in the corresponding period of the preceding Financial Year i.e FY 2021-22, representing an increase of 19.81%.

Detailed explanation-2: -Direct Tax collection, net of refunds, stands at Rs. 12.31 lakh crore which is 19.55 % higher than the net collections for the corresponding period of last year. This collection is 86.68% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23.

Detailed explanation-3: -24.58% Increase in Direct Tax Collections up to 10/01/2023 (FY 2022-23): CBDT. The preliminary estimates of total money collected from direct taxes for the FY 2022-23 (up to January 10, 2023) continue to indicate consistent growth.

Detailed explanation-4: -Goods and service tax (GST) accounts for 26.8 per cent of the central government’s gross tax revenue of Rs 25.2 lakh crore in FY22.

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