Direct tax collection in FY21 down 13 pc
Tax collection has been subdued amid the pandemic and the net direct tax collections so far in the current financial year declined by 13 pc to Rs 5.87 lakh crore, sources said.
migrator
New Delhi
During the corresponding period (April 1 - Dec 17) of last financial year, the net collections stood at Rs 6.80 lakh crore. The extension of deadline for filing returns also impacted the collections. The deadline for third instalment of advance tax was December 15.
The corporate tax collection so far in FY21 stood at Rs 3.04 lakh crore. Personal income tax collections stand at Rs 2.70 lakh crore. Further, collections from Delhi were down 22 pc. Collections from Mumbai and Chennai were down 8.4 pc, and 22.4 pc.
But, collections from Bengaluru registered a growth of 4.2 pc. Though direct tax collection have declined, GST collection have risen. Gross GST revenue collection in November stood at nearly Rs 1.05 lakh cr, a statement said. The revenues for Nov 2020 were 1.4 pc higher than the GST revenues in the same month last year.
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