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Provisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5% Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21 Advance Tax collections for F.Y. 2020-21 stand at Rs. 4.95 lakh crore w
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FAQ :
Provisional Direct Tax collections for FY 2020-21 showed a growth of almost 5%.
The net Direct Tax collections for FY 2020-21 were Rs. 9.45 lakh crore.
Net Direct Tax collections represented 104.46% of the Revised Estimates of Rs. 9.05 lakh crore for FY 2020-21.
Advance Tax collections for FY 2020-21 stood at Rs. 4.95 lakh crore, showing a growth of approximately 6.7%.
Refunds amounting to Rs. 2.61 lakh crore were issued in FY 2020-21.
Despite the inherent challenges brought on by the COVID-19 pandemic on the economy, net Direct Tax collections for FY 2020-21 showed an upswing.
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