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Direct Tax-to-GDP Ratio in 2023
February 5 , 2024
294 days
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- India's direct tax-to-GDP ratio hit a 15-year high of 6.11 percent in 2022-23.
- It is hovering near its peak of 6.3 percent reached in 2007-08.
- It majorly comprises corporate tax and personal income tax.
- In 2022-23, direct taxes made up 54.62 percent of the government's total tax revenue.
- This is up from 52.27 percent in 2021-22 and 46.84 percent in 2020-21 – the lowest in 15 years.
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