43% increase in FBR's direct tax collections - Money

43% enhance in FBR’s direct tax collections – Cash

Economy By Aug 30, 2023 No Comments



The direct tax collections of the Federal Board of Income (FBR) have recorded a progress of 43% on year-on-year foundation over the past monetary yr.

In line with the info launched by the Ministry of Finance, within the fiscal yr 2023, the FBR acquired revenues of three.272 trillion rupees within the type of direct taxes, which is 43% greater than the fiscal yr 2022.

In line with the info, within the fiscal yr 2022, the FBR acquired revenues of two.280 trillion rupees within the type of direct taxes. Within the final quarter of the final fiscal yr, the FBR acquired 963 billion rupees within the type of direct taxes, which is 37% greater than the identical interval of 2022. Within the final quarter of the monetary yr 2022, FBR acquired Rs 702 billion in direct taxes.

It must be famous that over the past monetary yr, an annual progress of 17% has been recorded within the income of FBR. Within the final monetary yr, FBRK whole income was recorded at Rs 7.169 trillion which was Rs 6.143 trillion in FY 2022.



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