TMI BlogGross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47%X X X X Extracts X X X X X X X X Extracts X X X X ..... Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47% - News and Press Release Dated:- 24-9-2021 - News - 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 22.09.202 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 which 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, repre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... senting an increase 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 Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x(STT) at ₹ 2,67,593 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 regis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tered a growth of 16.75% over FY 2019-20 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of ₹ 3,19,239 crore; Self-Assessment 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 (1 st July, 2021 to 22 nd September, 2021) of FY ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2021-22 is ₹ 1,72,071 crore which shows 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 peri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... od of the immediately preceding Financial Year i.e 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as on 22.09.2021 comprises Corporation Tax (CIT) at ₹ 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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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