InvestorQ : With direct tax collections doubling in the current year, do you see the fiscal deficit reducing?
Arti Chavan made post

With direct tax collections doubling in the current year, do you see the fiscal deficit reducing?

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Rutuja Nigam answered.
6 months ago
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That is not the correct picture. Net direct tax collections have doubled for the April to June 15 period on a comparable yoy basis. But FY20, the same period was a period of lockdowns when output was low and tax collections were elusive. Hence you need to take the doubling of tax revenues to Rs.185,871 crore in this period with a pinch of sale. The good news is, there is a spike in personal tax collections, corporate tax collections as well as STT flows.

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