Net Direct Tax Collection: Advance tax collection in the April-June quarter of the current financial year till June 17 stood at Rs 1,16,776 lakh crore. This is 13.70 percent more than the same period last year.
Advance Tax Payment: Taxpayers are constantly being made aware by the government for advance tax payment. Its effect has also started to be seen. Yes, in the current financial year till June 17, the net direct tax collection of the country has increased by 11.18 percent to Rs 3.80 lakh crore. This increase was due to Advance Tax Payment. Information about this was given by the Ministry of Finance. This is another good news given by the tax payers during the tenure of Finance Minister Nirmala Sitharaman.
Earlier in the financial year 2021-22, those who paid income tax had deposited record tax. Advance tax collection in the April-June quarter of the current financial year stood at Rs 1,16,776 lakh crore till June 17. This is 13.70 percent more than the same period last year. The ministry said in a statement that the net direct tax collection till June 17 stood at Rs 3,79,760 crore, including Rs 1,56,949 crore of corporate tax (CIT).
Personal Income Tax of Rs 2,22,196 crores
Rs 2,22,196 crores were collected as personal income tax including Securities Transaction Tax (STT). On a gross basis, the collection before adjusting refunds was Rs 4.19 lakh crore. This amount shows an increase of 12.73 percent on an annual basis. This includes Rs 1.87 lakh crore in corporate tax and Rs 2.31 lakh crore in personal income tax including securities transaction tax. The refund amount stood at Rs 39,578 crore till June 17, which is 30 per cent more than the same period last year.
