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Direct tax mop-up betters estimate for the first time in four years

With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year's

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Direct tax collection in FY17, at Rs 8.49 trillion, had surpassed the revised estimate, which was the same as the Budget estimate at Rs 8.47 trillion

Dilasha Seth New Delhi
The Centre’s direct tax revenue has exceeded the revised Budget target for the first time in four years on the back of robust advance tax mop-up for 2020-21 (FY21), providing a buffer to the otherwise fiscally stressed government. 

With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year’s.

Net direct tax collection stood at Rs 9.18 trillion as of March 16, exceeding the Rs 9.05 trillion revised Budget target.

It is, however, 4 per cent lower than the last year’s collection of Rs 9.56 trillion in the comparable

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