Net Direct Tax Collections Of 2021-22 So Far Grow By 100%

Net direct tax collections till June 15 of 2021-22 were Rs 1,85,871 crore, 100 per cent more than Rs 92,762 crore of corresponding period of 2020-21.

Net direct tax collections till June 15 during the current fiscal, i.e. 2021-22 stood at Rs 1,85,871 crore, which are an astounding 100 per cent more than Rs 92,762 crore which had been collected over the corresponding period of last year (2020-21). According to figures released by the Ministry of Finance, the net direct tax collections include corporation tax at Rs 74,356 crore (net of refund) and personal income tax including security transaction tax (STT) at Rs 1,11,043 crore (net of refund). The gross collection of direct taxes (before adjusting for refunds) for 2021-22 stands at Rs 2,16,602 crore compared to Rs 1,37,825 crore in the corresponding period of the preceding year.