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.