Direct Tax Share in GDP Reaches 24-Year High at 6.64% in FY24

Last updated: 21 October 2024

India's direct tax collections reached a significant milestone in FY24, contributing 6.64% to the country's GDP - A 24-year high. According to data released by the Central Board of Direct Taxes (CBDT), direct tax collections for the year surged by 17.82%, substantially outpacing the nominal GDP grow

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