Direct tax collection exceeds FY-21 estimate by 4.42% at rRs.r9.45 lakh crore
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India, April 10 -- Rajeev Jayaswal
New DelhiThe Union government's net direct tax collections for the year 2020-21 surpassed the revised estimate (RE) by 4.42% at Rs.9.45 lakh crore, the finance ministry said on Friday, disclosing figures that appear in sync with a recovery in goods and services tax (GST) receipts.
Direct taxes include corporate and individual income tax, and its recovery, paired with the robust trend in GST, signals a healthy recovery after the Covid-19 pandemic and subsequent lockdowns took a toll on the economy in the early part of the last financial year.
"According to the provisional data, the net direct tax collection for 2020-21 has shown an upswing, despite the inherent challenges fa...
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