Categories: Business

Government’s Internet direct tax collections Climbs over 100 Percent in 2021-22

NEW DELHI: The Centre’s internet direct tax collections to the fiscal year 2021-22 have more than doubled to Rs 1.85 lakh crore, a formal announcement revealed on Wednesday.
In a release, the ministry of finance educated that internet immediate tax collections up to now within this financial have turned into a strong pace despite disruptions due to the Covid-19 pandemic over the market.
“The amounts direct tax collections to the fiscal Year 2021-22, according to June 15 reveal that internet sets have reached Rs 1,85,871 crore compared to Rs 92,762 crore over the corresponding period of the previous calendar year, representing a rise of 100.4 percent increase over the sets of the year,” the announcement said.
Net direct tax collections consist of corporate taxation at Rs 74,356 crore and private income taxation for example security trade tax of 1,11,043 crore.
For its first quarter, progress tax collections stood at Rs 28,780 crore against this of Rs 11,714 crore for the corresponding period of the immediately previous financial year, showing a rise of roughly 146 percent.
The Centre has issued refunds up to Rs 30,731 crore at FY22 until today.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago