Direct tax collection grew by 68%


  • According to the Union Minister of State of Finance ,the Net Direct Tax Collection figures for the FY- 2021-22 as on 23.11.2021 are at Rs 6,92,833.6 crore showing a growth of 67.93 percent and 27.29 percent over the net collection figures for the corresponding period FY 2020-21 and FY 2019-20.

Government of India Target for tax collection for 2021-22 

Government has set a tax collection target of Rs 22.2 lakh crores, an increase of 9.5% as compared to the last financial year 2020-21.

Out of this the target for Direct tax has been around Rs 11 lakh crore 

  • The target for personal Income tax is Rs 5.61 lakh cores 
  • The target for corporate tax collection is Rs 5.47 lakh crores

The target for Indirect tax collection is Rs 11.2 lakh crores.

  •  The target for Government share of GST Rs 6.30 lakh crore 
  • The target for excise duty collection is Rs 3.35 lakh crore 
  • The target for custom duty collection is Rs .1.36 lakh crore. 

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