Net Direct Tax Collections double to Rs. 2.47 lakh crores in 1st quarter of Financial Year 2021-22
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- Last Updated on 29 July, 2021
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Press Release, dated 27-07-2021
The Union Minister of State for Finance, Shri Pankaj Chaudhar, has stated in the Rajya Sabha that the Direct tax collection for the first quarter of the current fiscal has doubled.
The net direct tax collection in the 1st quarter of Financial Year 2021-2022 is Rs.2,46,519.82 crore as against Rs. 1,17,783.87 crore during the same period of previous Financial Year 2020-21.
Minister stated that the reason behind this increased collections includes revival of economic activities and positive sentiments among taxpayers during this current financial year leading to increased income estimates and higher advance tax payments.
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