Quick Summary
Advance Tax collections for F.Y. 2021-22 stand at Rs. 28,780 crore which shows a growth of approximately 146% Net Direct Tax collections for the F.Y. 2021-22 have grown at a robust pace despite the disruption caused by the COVID-19 pandemic on the economy Refunds amounting to Rs. 30,731 crore
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FAQ :
Net Direct Tax collections for FY 2021-22 grew by 100.4%, reaching £1,85,871 crore compared to £92,762 crore in the preceding year.
Refunds amounting to £30,731 crore were issued in FY 2021-22.
Net Direct Tax collections included Corporation Tax (CIT) at £74,356 crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) at £1,11,043 crore.
Advance Tax collections for the first quarter of FY 2021-22 stood at £28,780 crore, showing a growth of approximately 146% from the previous year.
Gross Direct Tax collections for FY 2021-22 were £2,16,602 crore, an increase from £1,37,825 crore in the corresponding period of the preceding year.
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