Provisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5%

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rovisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5% <br>News and Press Release<br>Dated:- 9-4-2021<br><BR>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 &#8377; 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21 Advance Tax collections for F....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.....Y. 2020-21 stand at &#8377; 4.95 lakh crore which shows a growth of approximately 6.7% Net Direct Tax collections for the F.Y. 2020-21 have shown an upswing, despite the inherent challenges brought on by the COVID-19 pandemic on the economy Refunds amounting to &#8377; 2.61 lakh crore have been issued in the F.Y. 2020-21 The provisional figures of Direct Tax collections for the Financial Year ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....2020-21 show that net collections are at &#8377; 9.45 lakh crore. The net Direct Tax collections include Corporation Tax (CIT) at &#8377; 4.57 lakh crore and Personal Income Tax(PIT) including Security Transaction Tax(STT) at &#8377; 4.88 lakh crore. The net Direct Tax collections represent 104.46% of the Revised Estimates of &#8377; 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21. The Gross....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... collection of Direct Taxes(before adjusting for refunds) for the F.Y. 2020-21 stands at &#8377; 12.06 lakh crore. This includes Corporation Tax(CIT) at &#8377; 6.31 lakh crore and Personal Income Tax (PIT) including Security Transaction Tax(STT) at &#8377; 5.75 lakh crore; Advance Tax of &#8377; 4.95 lakh crore; Tax Deducted at Source (including Central TDS) of &#8377; 5.45 lakh crore; Self-Asses....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sment Tax of &#8377; 1.07 lakh crore; Regular Assessment Tax of &#8377; 42,372 crore; Dividend Distribution Tax of &#8377; 13,237 crore and Tax under other minor heads of &#8377; 2,612 crore. Despite an extremely challenging year, the Advance Tax collections for F.Y. 2020-21 stand at &#8377; 4.95 lakh crore which shows a growth of approximately 6.7% over the Advance Tax collections of the immedia....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tely preceding Financial Year of &#8377; 4.64 lakh crore. Refunds amounting to &#8377; 2.61 lakh crore have been issued in the F.Y. 2020-21 as against refunds of &#8377; 1.83 lakh crore issued in the F.Y. 2019-20, marking an increase of approximately 42.1% over the preceding Financial Year. The above figures are as yet provisional and subject to change pending final collation of data of collecti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ons.<BR> News - Press release - PIB....