TaxTMI 
TaxTMI 
Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47%
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....ross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47% <br>News and Press Release<br>Dated:- 24-9-2021<br><BR>Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47% Net Direct Tax collections for the FY 2021-22 have grown at over 74% Advance Tax collections for the FY 2021-22 stand at ₹ 2,53,353 crore as on 22.09.2021 whi....
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....ch shows a growth of approximately 56% Refunds aggregating to ₹ 75,111 crore have been issued in the current fiscal The figures of Direct Tax collections for the Financial Year 2021-22, as on 22.09.2021 show that net collections are at ₹ 5,70,568 crore, compared to ₹ 3,27,174 crore in the corresponding period of the preceding Financial Year i.e FY 2020-21, representing an incre....
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....ase of 74.4%. The net collection (as on 22.09.2021) in FY 2021-22 has registered a growth of 27% over FY 2019-20 when the net collection was ₹ 4,48,976 crore. The Net Direct Tax collection of ₹ 5,70,568 crore (as on 22.09.2021) include Corporation Tax (CIT) at ₹ 3,02,975 crore (net of refund) and Personal Income Tax (PIT) including Security Transaction Tax(STT) at ₹ 2,67,5....
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....93 crore (net of refund). The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2021-22 stands at ₹ 6,45,679 crore compared to ₹ 4,39,242 crore in the corresponding period of the preceding financial year, registering a growth of 47% over collections of FY 2020-21. The Gross collection (as on 22.09.2021) in FY 2021-22 has registered a growth of 16.75% over FY 2....
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....019-20 when the Gross collection was ₹ 5,53,063 crore. The Gross collection of ₹ 6,45,679 crore includes Corporation Tax (CIT) at ₹ 3,58,806 crore and Personal Income Tax (PIT) including Security Transaction Tax(STT) at ₹ 2,86,873 crore. Minor head wise collection comprises Advance Tax of ₹ 2,53,353 crore; Tax Deducted at Source of ₹ 3,19,239 crore; Self-Assess....
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....ment Tax of ₹ 41,739 crore; Regular Assessment Tax of ₹ 25,558 crore; Dividend Distribution Tax of ₹ 4,406 crore and Tax under other minor heads of ₹ 1383 crore. Despite extremely challenging initial months of the fiscal year 2021-22, the Advance Tax collection in the second quarter (1st July, 2021 to 22nd September, 2021) of FY 2021-22 is ₹ 1,72,071 crore which show....
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....s a growth of 51.50% over the corresponding period in FY 2020-21 when the Advance Tax collection was ₹ 1,13,571 crore. The cumulative Advance Tax collections for the first and second quarter of the FY 2021-22 stand at ₹ 2,53,353 crore as on 22.09.2021, against Advance Tax collections of ₹ 1,62,037 crore for the corresponding period of the immediately preceding Financial Year i.e....
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.... 2020-21, showing a growth of 56%(approximately). Further, the cumulative Advance tax collection of ₹ 2,53,353 crore as on 22.09.2021 (FY 2021-22) shows a growth of 14.62% over the corresponding period in FY 2019-20 when the Advance Tax collection(cumulative) was ₹ 2,21,036 crore. The Advance Tax collection of ₹ 2,53,353 crore as on 22.09.2021 comprises Corporation Tax (CIT) at &....
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....#8377; 1,96,964 crore and Personal Income Tax (PIT) at ₹ 56,389 crore. This amount is expected to increase as further information is awaited from Banks. Refunds amounting to ₹ 75,111 crore have also been issued in the FY 2021-22 so far.<BR> News - Press release - PIB....