Direct and Indirect tax collected in last 4 years


The details of total Direct Tax and Indirect Tax collected over the last three years along with the different component-wise are as under:

Direct Tax


(Rs. in crore)

Financial Year

Corporation Tax

Taxes on Income

Total

2015-16

453228

288717

741945

2016-17

484924

346789

849713

2017-18*

571202

431539

1002741


*provisional

Indirect Tax

(Rs. in crore)


Financial Year

Customs Duty

Union Excise Duty

Service Tax

GST

Total

2015-16

210338

288073

211414

----

709825

2016-17

225370

381756

254499

----

861625

2017-18*

136929

258636

81231

434670

911466

*provisional


The details of Direct Tax to Gross Domestic Product (GDP) Ratio and Indirect Tax to GDP ratio over the last three years are as under:


Financial Year

Direct Tax GDP Ratio

Indirect Tax GDP Ratio

2015-16

5.47%

5.16%

2016-17

5.57%

5.65%

2017-18

5.98%

5.43%


The total income tax collection over the last three years in absolute terms and as a percentage of total tax collection are as under:


Direct Tax Collections (Rs. in Crore)

Percentage of total tax collection

2594399

51.09%


This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.


Posted :
on 17 December 2018
 
Published in Income Tax
Source : ,
Views : 497






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