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Pandemic worsens fall in direct tax receipts

India pandemic economy Government
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Also Read | How India’s banking model has changedHowever, the silver lining is that provisional FY21 receipts at the end of March showed an improvement over what was projected in the revised estimates at the beginning of February when the Union Budget for FY22 was presented in Parliament.

The net direct tax collections represent 104.46% of the revised estimates (RE) of Rs9.05 trillion, said an official statement.One factor that weighed on the net tax receipts is the amount of refunds which went up in FY21.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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