Gross Direct Taxes collected during FY 2020-21 (before adjustment of refunds) are approximately Rs. 12.06 lakh crore (provisional). The major contributors : Corporation Tax (CIT) Rs. 6.31 lakh crore & Personal Income Tax (PIT) Including Security Transaction Tax (SIT) Rs. 5.75 lakh crore approximately.

Gross Direct

Here is the composition of the Gross collections of Direct Taxes (provisional) for FY 2020-21.

Gross Collection

Net Direct Taxes collected during FY 2020-21 are approx. Rs. 9.45 lakh crore (provisional). Net collections are 104.46% of the Revised Estimates of Rs. 9.05 lakh crore. The major contributors : Corporation Tax (CIT) Rs. 4.57 lakh crore & Personal Income Tax (PIT) Including Security Transaction Tax (SIT) Rs. 4.88 lakh crore approx.

Tax Collection

Despite a challenging year due to the COVID-19 pandemic, Advance Tax collections show a growth of almost 6.7% y-o-y.

Growing Strong

Keeping in mind the difficult times faced by our taxpayers, pending refunds were issued expeditiously. Refunds of approximately Rs. 2.61 lakh crore were issued in FY 2020-21 marking an increase of almost 42% over the preceding year.

Increase of approximately

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