The Centre's net tax collections in the April-June 2022 quarter were nearly ₹7 lakh crore, up 24% YoY, as per data given by the government in the Lok Sabha. While ₹3.44 lakh crore was collected as indirect tax, ₹3.55 lakh crore was collected as direct tax. The Centre had set ₹19.35 lakh crore as FY23's net tax collection target.