Direct Tax collections for Financial Year 2021-22 increase by more than 60%: CBDT

Press Release, dated 17-12-2021

The Central Board of Direct Taxes (CBDT) has issued press release stating that the figures of Direct Tax collections for the Financial Year 2021-22, as of 16.12.2021, show that net collections are at Rs. 9,45,276.6 crore compared to Rs. 5,87,702.9 crore over the corresponding period of the preceding financial year, i.e. F.Y. 2020-21. It represents an increase of 60.8%.

Further, the cumulative Advance Tax collections for the first, second and third quarter of the F.Y. 2021-22 stand at Rs. 4,59,917.1 crore as on 16.12.21, against Advance Tax collections of Rs. 2,99,620.5 crore for the corresponding period of the immediately preceding Financial Year, i.e. 2020-21. It represents a growth of 53.5% (approx).

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