Net direct tax mop-up exceeds revised estimates at Rs 9.45 trillion in FY21

The government also issued 41 per cent higher refunds compared to last year.

Direct tax collection, excluding refunds, fell below Rs 10 trillion for the first time in four years in 2020-21.

However, the collection was expected to decline even further due to the Covid-19 impact. This could be gauged from the fact that the FY21 mop-up of Rs 9.45 trillion was higher by around 4.5 per cent compared to the revised estimates. Also, the government issued 41 per cent higher refunds compared to last year.