Throughout 2021-22 fiscal, company tax collections stood at Rs 7.23 lakh crore, a 58 per cent development over 2020-21 mop up.
Even when in comparison with collections of FY 2018-19 (pre-COVID interval), the collections of FY 2021-22 are greater by over 9 per cent, the I-T division tweeted.
“The company tax collections throughout FY 2022-23 (until thirty first July, 2022) register a sturdy development of 34 per cent over the company tax collections within the corresponding interval of FY 2021-22,” it stated with out giving absolutely the figures.
The company tax collections throughout FY 2022-23 (until thirty first July, 2022) register a sturdy development of 34% over the cor… https://t.co/FLSav9V2Xz
— Earnings Tax India (@IncomeTaxIndia) 1660321276000
The constructive development of development continues, however for the general impression of the COVID-19 pandemic throughout FY 2020-21, when the company tax collections took a short lived hit.
“This means that the simplified tax regime with low charges and no exemptions has lived as much as its promise,” it added.
