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Direct tax mop-up betters estimate for the first time in four years

With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year's

Topics
direct tax collection | direct tax collections | Budget 2021

Dilasha Seth  |  New Delhi 



tax, taxes
Direct tax collection in FY17, at Rs 8.49 trillion, had surpassed the revised estimate, which was the same as the Budget estimate at Rs 8.47 trillion

The Centre’s direct tax revenue has exceeded the revised Budget target for the first time in four years on the back of robust advance tax mop-up for 2020-21 (FY21), providing a buffer to the otherwise fiscally stressed government.

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First Published: Thu, March 18 2021. 06:10 IST

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