Govt's net tax collection rises 86% to Rs 5.57 lakh crore in Q1

The government's total tax collection in the April-June quarter grew about 86 percent to more than Rs 5.57 lakh crore, Parliament was informed on Monday. Out of the total amount, collection of net direct tax stood at Rs 2.46 lakh crore and of indirect tax was at Rs 3.11 lakh crore.

"The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs 2,46,519.82 crore as against Rs 1,17,783.87 crore during the same period of previous FY 2020-21 representing a growth of 109.3 percent," Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha.