Net direct tax collections until June 15 throughout the present fiscal, i.e. 2021-22 stood at Rs 1,85,871 crore, that are an astounding 100 per cent greater than Rs 92,762 crore which had been collected over the corresponding interval of final 12 months (2020-21).
According to figures launched by the Ministry of Finance, the internet direct tax collections embody company tax at Rs 74,356 crore (internet of refund) and private revenue tax together with safety transaction tax (STT) at Rs 1,11,043 crore (internet of refund).
The gross assortment of direct taxes (earlier than adjusting for refunds) for 2021-22 stands at Rs 2,16,602 crore in comparison with Rs 1,37,825 crore within the corresponding interval of the previous 12 months.
This contains company tax at Rs 96,923 crore and private revenue tax together with STT at Rs 1,19,197 crore.
The ministry knowledgeable that regardless of extraordinarily difficult preliminary months of the brand new fiscal, the advance tax collections for the primary quarter of the 2021-22 stand at Rs 28,780 crore in opposition to advance tax collections of Rs 11,714 crore for the corresponding interval of the instantly previous monetary 12 months, exhibiting a progress of roughly 146 per cent.