Direct tax collections top revised estimates by 5%

The Centre’s direct tax collections, net of refunds, were estimated at Rs 9.45 lakh crore during 2020-21, around 5% higher than the revised estimates of Rs 9.05 lakh crore for the financial year, the govt said on Friday. Both corporation tax and personal income tax collections turned out to be higher than the revised estimates given by finance minister Nirmala Sitharaman in Feb.

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