Gujarat Among Top 5 in Income Tax Contributions, Collects Rs 3.46 Lakh Crore



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Gujarat has secured a spot among India's top five contributors to income tax, accumulating a substantial ₹3.46 lakh crore over the last five years. The state's income tax collections saw a remarkable 88% increase in the fiscal year 2023-24, reaching ₹93,300 crore. While Gujarat contributes significantly to the nation's direct tax revenue, its per capita tax payment is lower than the national average, despite a higher per capita income.

Gujarat has solidified its position as one of Indias top contributors to income tax, with a remarkable cumulative collection of ₹3.46 lakh crore over the past five years, according to a recent report by the State Bank of India. The state is among the top five contributors to Indias direct tax revenu
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FAQ :

Gujarat has collected a cumulative ₹3.46 lakh crore in income tax over the past five years.

In the fiscal year 2023-24, Gujarat's income tax collection surged by 88% to ₹93,300 crore.

Women represented 14% of individual income tax filers in Gujarat in 2023-24, which is slightly below the national average of 15%.

Gujarat is among the top five states contributing to India's direct tax revenue.

No, Gujarat's per capita tax payment remains below the national average, even though its per capita income is higher.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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