Direct tax collections for FY2021-22 soar 47% to ₹6.45 lakh crores

• On Friday, the Union Ministry of Finance said that the direct tax collections for the financial year 2021-22 rose by 47% to ₹6,45,679 crores.

• The data is reported up till 23rd September 2021.

• The net tax collections grew 74.4% to ₹5,70,568 crores.

• The net tax collections include Corporation Tax (CIT) at ₹3,02,975 crore (net of refund) and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs. 2,67,593 crore (net of refund).