Net direct tax collection grew 74.4% to Rs 5.70 lakh crore between April 1 and September 22 this fiscal, the Finance Ministry said on Friday. Photo for representation only.
New Delhi, September 24
Net direct tax collection grew 74.4% to Rs 5.70 lakh crore between April 1 and September 22 this fiscal, the Finance Ministry said on Friday.
The net direct tax collection of Rs 5,70,568 crore after adjusting for refunds includes Corporation Tax at Rs 3.02 lakh crore and Personal Income Tax at Rs 2.67 lakh crore.
The net collection (April 1 to September 22) in FY 2021-22 has registered a growth of 27% over 2019-20 fiscal when the net collection was over Rs 4.48 lakh crore. In the previous fiscal (2020-21), the net collection was over Rs 3.27 lakh crore. The gross direct tax collection for 2021-22 fiscal stands at over Rs 6.45 lakh crore. — PTI
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