Advance Tax collections for the F.Y. 2021-22 shows 53.50 % growth approximately

Advance Tax collections for the F.Y. 2021-22 shows 53.50 % growth approximately Direct Tax revenues for the Financial Year 2021-22 as on 16.12.2021 show net collections of Rs. 9,45,276.6 crore, up from Rs. 5,87,702.9 crore in the previous financial year, FY 2020-21, marking a 60.8 percent rise. The net collection (as of 16.12.2021) in FY 2021-22 increased by 40% compared to the same period in FY 2019-20, when the net collection was Rs. 6,75,409.5 crore, and by 40.93 percent compared to the same period in FY 2018-19, when the net collection was Rs. 6,70,739.1 crore. Corporation Tax (CIT) at Rs. 5,15,870.5 crore (net of rebate) and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs. 4,29,406.1 crore make up the Net Direct Tax collection of Rs. 9,45,276.6 crore (as on 16.12.2021). (net of refund). The gross collection of direct taxes for the financial year 2021-22 (as of 16.12.2021) is Rs. 10,80,370.2 crore, compared to Rs. 7,33,715.2 crore in the previous financial year's similar period. The gross collection for the fiscal year 2019-20 was Rs. 8,34,398 crore, compared to Rs. 7,96,342 crore in the previous fiscal year. Corporation Tax (CIT) of Rs. 6,05,652.6 crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) of Rs. 4,74,717.6 crore make up the total gross collection of Rs. 10,80,370.2 crore. Advance Tax of Rs. 4,59,917.1 crore, Tax Deducted at Source of Rs. 4,93,171.7 crore, Self-Assessment Tax of Rs. 74,336.2 crore, Regular Assessment Tax of Rs. 44,028.7 crore, Dividend Distribution Tax of Rs. 6,525.9 crore, and Tax under other minor heads of Rs. 2390.6 crore make up the minor head collection (as of 16.12.2021). As of 16.12.21, the cumulative Advance Tax collections for the first, second, and third quarters of the F.Y. 2021-22 totaled Rs. 4,59,917.1 crore, compared to Advance Tax collections of Rs. 2,99,620.5 crore in the immediately preceding Financial Year, i.e. 2020-21, indicating a 53.5 percent increase (approx). Furthermore, the cumulative Advance tax collection of Rs. 4,59,917.1 crore as of 16.12.2021 (FY 2021-22) represents a 44.21 percent increase over the corresponding period in FY 2019-20, when the advance tax collection (cumulative) was Rs 3,18,929.4 crore, and a 49.76 percent increase over the corresponding period in FY 2018-19, when the advance tax collection (cumulative) was Rs 3,07,096.3 crore. Corporation Tax (CIT) of Rs 3,49,045.4 crore and Personal Income Tax (PIT) of Rs 1,10,871.7 crore make up the advance tax number of Rs 4,59,917.1 crore as of 16.12.2021. As more information from banks becomes available, this figure is projected to rise. So far in the fiscal year 2021-22, refunds totaling Rs. 1,35,093.6 crore have been given.