Net Direct Tax collections surge 48.4% at Rs 13.63 lakh crore for FY 2021-22



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Net Direct Tax collections for the financial year 2021-22 have seen a significant increase, reaching £13.63 lakh crore as of March 16, 2022. This represents a substantial growth of 48.41% compared to the same period in the previous financial year. The collections include Corporation Tax and Personal Income Tax, with Advance Tax collections also showing a healthy rise of approximately 40.75%.

Net Direct Tax collections for the F.Y. 2021-22 at Rs. 13,63,038 crore showing a growth of over 48.4% Advance Tax collections for the F.Y. 2021-22 (Till 4th Instalment) stand at Rs. 6,62,896.3 crore as on 16.03.2022 which shows a growth of approximately 40.75% Refunds aggregating to Rs. 1,87,325.9 crore issued in the current fiscal The figures of Direct Tax collections for the Financial Year 2021-22, as on 16.03.2022 show thatnet collectionsare at Rs. 13,63,038.3 crore compared to R
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FAQ :

As of March 16, 2022, the Net Direct Tax collection for FY 2021-22 stood at £13,63,038.3 crore.

Net Direct Tax collections showed a growth of 48.41% in FY 2021-22 compared to the corresponding period of FY 2020-21.

The Net Direct Tax collection includes Corporation Tax (CIT) and Personal Income Tax (PIT), which also incorporates Security Transaction Tax (STT).

Advance Tax collections for FY 2021-22 (up to the 4th instalment on March 16, 2022) were £6,62,896.3 crore, marking an approximate growth of 40.75%.

Refunds aggregating to £1,87,325.9 crore were issued in the financial year 2021-22.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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