I-T dept has made highest tax mop-up in history: CBDT chief

The Income Tax department has made the “highest” collection in its history, CBDT Chairman J B Mohaptra said when the direct tax mop up jumped over 48 per cent in the current fiscal backed by a 41 per cent surge in advance tax payments.

The net collection numbers currently is Rs 13.63 lakh crore which is against Rs 11.18 lakh crore of 2018-19, Rs 10.28 lakh crore of 2019-20 and Rs 9.24 lakh crore of 2020-21, he said.

“The year-on-year net collections today is more by 48.4 per cent over 2020-21, over 42.5 per cent of 2019-20 and 35 per cent over 2018-19. In the block of last four years, the net collection numbers are the highest,” the chief of the Central Board of Direct Taxes (CBDT) said.

“It beats the previous high by as much as Rs 2.5 lakh crore. This is the highest number of income tax collections thus far in the history of the department,” he told.