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TMI BlogNet Direct Tax collections for the Financial Year 2021-22 have grown at over 100%X X X X Extracts X X X X X X X X Extracts X X X X ..... Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100% X X X X Extracts X X X X X X X X Extracts X X X X ..... obust pace despite the disruption caused by the COVID-19 pandemic on the economy Refunds amounting to ₹ 30,731 crore have been issued in the F.Y. 2021-22 The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at ₹ 1,85,871 crore compared to ₹ 92,762 crore over the corresponding period of the preceding year, represent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing an increase of 100.4% over the collections of the preceding year. The net Direct Tax collections include Corporation Tax (CIT) at ₹ 74,356 crore (net of refund) and Personal Income Tax(PIT) including Security Transaction Tax (STT) at ₹ 1,11,043 crore (net of refund). The Gross collection of Direct Taxes(before adjusting for refunds) for the F.Y. 2021-22 stands at ₹ 2,16,602 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... crore compared to ₹ 1,37,825 crore in the corresponding period of the preceding year. This includes Corporation Tax(CIT) at ₹ 96,923 crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) at ₹ 1,19,197 crore. Minor head wise collection comprises Advance Tax of ₹ 28,780 crore, Tax Deducted at Source of ₹ 1,56,824 crore, Self-Assessment Tax of S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 15,343 crore; Regular Assessment Tax of ₹ 14,079 crore; Dividend Distribution Tax of ₹ 1086 crore and Tax under other minor heads of ₹ 491 crore. Despite extremely challenging initial months of the new Fiscal , the Advance Tax collections for the first quarter of the F.Y. 2021-22 stand at ₹ 28,780 crore against Advance Tax collections of ₹ 11,714 crore for the co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rresponding period of the immediately preceding Financial Year, showing a growth of approximately 146%. This comprises Corporation Tax (CIT) at ₹ 18,358 crore and Personal Income Tax (PIT) at ₹ 10,422 crore. This amount is expected to increase as further information is received from Banks.
Refunds amounting to ₹ 30,731 crore have also been issued in the F.Y. 2021-22. X X X X Extracts X X X X X X X X Extracts X X X X ..... Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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