![Centre's gross tax revenue up 34% to ₹27.07 lakh crore in FY22](https://images.assettype.com/fortuneindia%2F2022-04%2F329997ef-8b0c-4429-b8ca-5cc5e9ee963a%2Fgettyimages_1228320150_594x594.jpg?rect=0,50,594,297&w=300&q=95)
Centre's gross tax revenue up 34% to ₹27.07 lakh crore in FY22
Revenue secretary Tarun Bajaj says gross tax collections soared to a record high of ₹27.07 lakh crore in FY22.
Revenue secretary Tarun Bajaj says gross tax collections soared to a record high of ₹27.07 lakh crore in FY22.
The net direct tax collection as on March 16 stands at ₹13,63,038 crore, up 48.4% from ₹9,18,430.5 crore in the corresponding period of the previous financial year.
According to the Income Tax Department, nearly 5.89 crore income tax returns for FY21 (assessment year 2021-22) were filed till the December 31, 2021 deadline.