Direct tax collections UPDATE: BIG RISE! Rs 1.86 lakh cr - What taxpayers should know
The direct tax collections for FY22, as of June 15, 2021, show that net collections are at Rs 1.86 lakh cr as compared to Rs 92,762 crore over the corresponding period of the preceding year, representing an increase of 100.4 per cent over the collections of the preceding year.
The gross collection of direct taxes (before adjusting for refunds) for FY22 stands at Rs 2.16 trillion, compared to Rs 1.37 trillion in the corresponding period of the preceding year.