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Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47%

Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47%
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Direct tax collection up 5% at Rs 9 45 lakh cr in FY21: CBDT

Direct tax collection up 5% at Rs 9.45 lakh cr in FY21: CBDT Total direct tax collection before adjusting for refunds for FY21 stands at Rs 12.06 lakh crore, including corporation tax at Rs 6.31 lakh crore and personal income tax, including security transaction tax at Rs 5.75 lakh crore BusinessToday.In | April 9, 2021 | Updated 13:36 IST Despite an extremely challenging year amid Covid-19, the advance tax collections for FY21 grew 6.7% to Rs 4.95 lakh crore, says FinMin Direct tax collections for the financial year 2020-21 stand at Rs 9.45 lakh crore, which exceeds the revised estimates in Budget 2021, CBDT (Central Board of Direct Taxes) chief PC Mody said. The direct tax collections represent 104.46 per cent of the revised estimates of Rs 9.05 lakh crore direct taxes for the FY21, a finance ministry s statement said.

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