Bengaluru lone bright spot in direct tax mop-up with 7.3% growth

Hyderabad reported a 4 per cent decline with a collection of Rs 55,000 crore in FY21 against Rs 57,000 crore a year earlier.

Bengaluru, which houses global and Indian IT giants, has posted 7.3 per cent growth in direct tax collection in the fiscal year 2020-21 even as several key jurisdictions, including Delhi and Chennai, faced a double-digit decline.

As overall direct tax collection, net of refunds, declined 10 per cent in 2020-21 to Rs 9.45 trillion year-on-year, Bengaluru accounted for a 12.3 per cent share in country’s collection.

India’s IT hub saw direct tax collection, net of refunds grow to Rs 1.17 trillion in FY21 from Rs 1.09 trillion in the previous year.

“Bengaluru is the only jurisdiction posting an increase. It was relatively unaffected