NewzIntel.com

MIL-OSI Asia-Pac: Net Direct Tax Collections increase by 206.95% from Rs. 6,38,596 crores in F.Y. 2013-14 to Rs. 19,60,166 crores in F.Y. 2023-24

Written by

MIL-OSI Publisher

in

, , , , , , , , ,

Source: Government of India

Net Direct Tax Collections increase by 206.95% from Rs. 6,38,596 crores in F.Y. 2013-14 to Rs. 19,60,166 crores in F.Y. 2023-24

Gross Direct Tax Collections increase by over 224.06% in F.Y. 2023-24, reaching a figure of Rs. 23,38,421 crores from Gross Direct Tax Collections of Rs. 7,21,604 crores in F.Y. 2013-14

Total number of ITRs filed in FY 2023-24 stand at 8.61 crores showing an increase of 126.58% as compared to total number of ITRs of 3.80 crores filed in FY 2013-14

Posted On: 16 OCT 2024 7:44PM by PIB Delhi

Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time. In continuation of its efforts to place more and more information in public domain, the CBDT has further released Time-Series data as updated up to F.Y. 2023-24. The key highlights of some of these statistics are as under: –

  1. Net Direct Tax Collections have increased by 206.95% from Rs. 6,38,596 crores in F.Y. 2013-14 to Rs. 19,60,166 crores in F.Y. 2023-24.
  2. Gross Direct Tax Collections have increased by over 224.06% in F.Y. 2023-24, reaching a figure of Rs. 23,38,421 crores from Gross Direct Tax Collections of Rs. 7,21,604 crores in F.Y. 2013-14.
  3. Direct Tax to GDP ratio has increased from 5.62% in F.Y. 2013-14 to 6.64% in F.Y. 2023-24.
  4. The Cost of collection has decreased from 0.57% of total collection in the F.Y 2013-14 to 0.44% of total collection in the F.Y. 2023-24.
  5. The total number of ITRs filed in FY 2023-24 stands at 8.61 crores showing an increase by 126.58% as compared to total number of ITRs of 3.80 crores filed in FY 2013-14.

The availability of the Time-Series data in 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 http://www.incometaxindia.gov.in.  

*****

NB/KMN

(Release ID: 2065555) Visitor Counter : 46

MIL OSI Asia Pacific News –

More posts