CBDT Releases Time-Series Data of Direct Tax Statistics Updated Up to FY 2023-24
- News|Blog|Income Tax|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 18 October, 2024
Latest from Taxmann
Press Release, dated 16-10-2024
The CBDT has released the key Direct Tax collection and administration statistics. The CBDT has further released Time-Series data updated up to Financial Year (FY) 2023-24. The key highlights of some of these statistics are as under:
- Net Direct Tax Collections: Net Direct Tax Collections have increased by 206.95% from Rs. 6,38,596 crores in FY 2013-14 to Rs. 19,60,166 crores in FY 2023-24
- Gross Direct Tax Collections: Net Direct Tax Collections have increased by 206.95% from Rs. 6,38,596 crores in FY 2013-14 to Rs. 19,60,166 crores in FY 2023-24
- Direct Tax to GDP ratio: Direct Tax to GDP ratio has increased from 5.62% in FY 2013-14 to 6.64% in FY 2023-24.
- Cost of collection: The Cost of collection decreased from 0.57% of total collection in FY 2013- 14 to 0.44% of total collection in FY 2023-24.
- Number of ITRs filed: The total number of ITRs filed in FY 2023-24 stands at 8.61 crores, showing an increase of 126.58% as compared to the total number of ITRs of 3.80 crores filed in FY 2013-14.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
