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Centre set to exceed 11.08 lakh crore direct tax collections: CBDT chief

The tax body has been assigned a revised target of 12.50 lakh crore, CBDT chairman JB Mohapatra said
The Centre aims to collect <span class='webrupee'>₹</span>12.05 lakh crore as direct taxes before the end of this financial year(REUTERS/File Photo)
The Centre aims to collect 12.05 lakh crore as direct taxes before the end of this financial year(REUTERS/File Photo)
Published on Feb 03, 2022 04:01 PM IST
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By | Written by Aryan Prakash

Net direct tax collections surge 61% to 9.45L crore till Dec 16

  • While the previous fiscal year had seen a devastating impact of Covid-19 on tax collections, the net direct tax revenue in the current financial year is significantly higher even compared to non-Covid years that exhibit a robust economic recovery post-pandemic.
The gross direct tax collections for 2021-22 (as on December 16, 2021), which is before adjusting for refunds, stands at <span class='webrupee'>₹</span>10,80,370.2 crore compared to <span class='webrupee'>₹</span>7,33,715.2 crore in the corresponding period of the previous financial year.(HT File)
The gross direct tax collections for 2021-22 (as on December 16, 2021), which is before adjusting for refunds, stands at 10,80,370.2 crore compared to 7,33,715.2 crore in the corresponding period of the previous financial year.(HT File)
Published on Dec 18, 2021 12:04 AM IST
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By, Hindustan Times, New Delhi
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Wednesday, May 25, 2022