IGI Logo

Minister of State for Finance Pankaj Chaudhary has said the net direct tax collection grew nearly 68 per cent during April 1 to November 23, 2021. He stated the Net Direct Tax Collection figures for the FY- 2021-22 as on November 23, 2021 are at Rs 6,92,833.6 crore showing a growth of 67.93 per cent and 27.29 per cent over the net collection figures for the corresponding period FY2020-21 and FY 2019-20.

The net collection between April 1 - November 23 in 2020-21 and 2019-20 fiscals was over Rs 4.12 lakh crore and over Rs 5.44 lakh crore respectively. The gross direct tax collection (before adjusting refunds) as of November 23 stood at over Rs 8.15 lakh crore, a 48.11 growth over the collections in the corresponding period in last fiscal.

Besides, he said that the gross GST collection in the current fiscal (April 2021-March'22) post Covid-19 outbreak is showing an increasing trend. The gross GST collection for full 2020-21 ended March 2021 was over Rs 11.36 lakh crore, while the same in the current fiscal till October stood at Rs 8.10 lakh crore.