Direct Tax to GDP Ratio Has Increased From 5.62% in F.Y. 2013-14 to 6.11% in F.Y. 2022-23 | CBDT
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- Last Updated on 25 January, 2024
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Press Release, dated 23-01-2024
The CBDT has released updated Consolidated Time-Series data for F.Y. 2022-23, revealing a 160.52% increase in Net Direct Tax Collections from Rs. 6,38,596 crore in F.Y. 2013-14 to Rs. 16,63,686 crore in F.Y. 2022-23. Additionally, the Direct Tax to GDP ratio rose from 5.62% to 6.11% during same period. The total number of ITRs filed in F.Y. 2022-23 is 7.78 crore, marking a 104.91% increase compared to the 3.80 crore filed in F.Y. 2013-14.
The availability of the Time-Series data in the public domain will be useful for academicians, research scholars, economists and the public at large in studying long-term trends of various indices of the effectiveness and efficiency of Direct Tax administration in India. This time series data is available at www.incometaxindia.gov.in.
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