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Highlights Growth of approximately 6.7%. Refunds amounting to Rs 2.61 lakh crore issued. New Delhi: The provisional figures of Direct Tax collections for the Financial Year 2020-21 show that net collections are at Rs. 9.45 lakh crore. The net Direct Tax collections include Corporation Tax (CIT) at Rs. 4.57 lakh crore and Personal Income Tax(PIT) including Security Transaction Tax(STT) at Rs. 4.88 lakh crore. The net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21. The Gross collection of Direct Taxes (before adjusti...

Direct tax collection exceeds revised estimate by 5% in FY21 April 09, 2021 The provisional figures show collection at ₹9.45 lakh crore. Direct tax collection during FY 2020-21 has registered nearly 5 per cent growth over the revised estimate, Finance Ministry said on Friday. Experts are optimistic about a lower fiscal deficit with improvement in indirect tax collection than the revised estimate. Provisional figures show collection at ₹9.45 lakh crore. “The net Direct Tax collections represent 104.46 per cent of the Revised Estimates of ₹9.05 lakh crore of Direct Taxes for the FY 20...

Direct Tax Collections For FY21 At Rs 9.45 Lakh Crore, Exceed Revised Estimates By Around 5 Per Cent by IANS - Apr 9, 2021 08:44 AM Central Board of Direct Taxes headquarters (Representative image) The provisional figures of direct tax collections for the financial year 2020-21 showed that net collections are at Rs 9.45 lakh crore. The net collection is around 5 per cent higher than the revised estimates for the 2020-21. The net direct tax collections include corporation tax (CIT) at Rs 4.57 lakh crore and personal income tax (PIT), including security transaction tax (STT) at Rs 4.88 lakh cro...

Expert panel defers decision on Sputnik V Covid-19 vaccine, wants more data The wait for Sputnik V in India got a little longer as the expert panel reviewing the application has sought more data on safety, efficacy, and logistics. A source close to the development said, “No approval was given to Sputnik V on Thursday. Some queries have been asked on safety, efficacy, and logistics, which the firm will have answers to at the next meeting.” Footfall increases as 45-plus Covid-19 vaccination drive takes off Tucked away in a corner on the eighth floor of Rajkumari Amrit Kaur outpatient bl...

Updated: Share Article AAA The Finance Ministry has devolved an amount of ₹5,94,996 crore, based on the initial estimates of the shareable pool that would be collected in 2020-2.   | Photo Credit: SHIV KUMAR PUSHPAKAR The Finance Ministry on Thursday said it has released ₹45,000 crore to the States as additional devolution in the 2020-21 fiscal following revenue buoyancy in the March quarter. As per the Revised Estimates for 2020-21, ₹5,49,959 crore, being 41 per cent of the shareable pool of taxes and duties were estimated to be released to the states. However, the Finance Ministry h...