Indian Direct Taxes collection ratio has doubled for current financial year.

DIRECT TAXES COLLECTION IN INDIA IS

 INCREASING BETTER FOR EVERY YEAR!


Direct tax is an amount levied on income earned by a person. Person means and includes every ordinary resident in the country. Direct taxes in India are collected in various ways like Advance tax, TDS, Personal Income Tax, Corporation Tax, securities transaction tax, dividend distribution tax, etc. 




Direct Taxes collected will be utilized for the development of country. A pleasure news for the people of India is that the collection of Direct taxes is increasing for every new year. Direct Taxes collection increase leads to infrastructure development. Every citizen of India is coming forward to build the strong nation by their taxes. 

With every person fulfilling their responsibility of paying taxes on time lead. There is a growth in collection of taxes collected by government this current financial year. According to the reports of Government, Direct Taxes collection has increased by 100% in FY 2021-22. This is huge achievement in the history of Direct Taxes collection over the past years. Collection figures of taxes are inspiring despite of country being struggling with pandemic situation. 

Country is facing the Pandemic issue since FY 2020-21 and business were completely shut during the lockdown period still Government got decent revenue of taxes in the First quarter of FY 2021-22 in the form of Advance Tax. Business persons efforts put in to perform well managed to receive revenues which in turn led to payment of direct taxes.

Net Direct Taxes collection from all sources have given a scope that soon there would be more collection of taxes in coming years. Future years show a sure picture that all the responsible citizens will be part of the nation building.  Seems that everything going superb with Direct Taxes Authority CBDT, a Launch of New Website, increase in collection of taxes on time, stakeholders support, growth in direct taxpayers, etc. 

New website launched has some glitches in working.  Direct taxes officials have assured that soon the problems will be addressed and full functioning site will be at the use of stakeholders.

Direct Taxes refunds to respective persons are also on full swing as proportionate to the taxes collection. 30K plus crores of rupees has been granted as refund in the current financial year.  



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