1 min read.Updated: 24 Sep 2021, 11:12 PM ISTLivemint
Gross direct tax receipts in the same time a year ago was at ₹4.39 trillion, CBDT said. Net direct tax receipts after accounting for refunds in the first half of this fiscal stood at ₹5.7 trillion as on Wednesday compared to ₹3.27 trillion in the same time a year ago, showing a 74.4% jump
Listen to this article
New Delhi: Gross direct tax receipts in the fiscal first half surged 47% from a year earlier to ₹6.46 trillion aided by a low base and a continued revival in economic activity from covid-induced disruptions.
Gross direct tax receipts totalled ₹4.39 trillion in the same period last year, the Central Board of Direct Taxes (CBDT) said in a statement.
Net direct tax receipts after accounting for refunds during the first half ending 30 September jumped 74.4% to ₹5.7 trillion as on Wednesday from ₹3.27 trillion a year earlier.
Also, net direct tax receipts so far this fiscal have improved 27% over the first half of FY20, which was a pre-pandemic year.
Net corporate tax collections in the first six months of this fiscal year stood at ₹3.02 trillion, while net personal income tax totalled ₹2.67 trillion, including security transaction tax receipts.
The CBDT said that despite the extremely challenging initial months of this fiscal, advance tax collections in the September quarter grew 51.5% from a year earlier to ₹1.72 trillion. Advance tax collections in the fiscal first half rose about 56% to ₹2.53 trillion.
On indirect taxes, GST collections have already shown a recovery from the initial months of this fiscal when mobility restrictions affected revenue receipts.
The Centre and state governments made GST collections of ₹1.12 trillion in August.