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11-Feb2019

Direct tax collection stands at Rs 7.89 lakh crore in April-January of FY19

Net direct tax collection stood at Rs 7,88,930 crore in the April-January period of current fiscal (2018-19). The Minister of State for Finance Shiv Pratap Shukla has said there were 9.92 crore direct taxpayers in Assessment Year 2016-17, which increased to 7.41 crore in 2017-18. Total direct tax collection stood at Rs 10.02 lakh crore in 2017-18.

In the revised estimates for current fiscal, the government has pegged direct tax collection at Rs 12 lakh crore. The Direct Tax-GDP ratio stood at 5.98 per cent in the 2017-18 fiscal. A taxpayer is a person who either files a return of income or in whose case tax has been deducted or paid.

On the other hand, total indirect Taxes collection stood at Rs 2,89,661 crore during the April-January period of 2018-19, while Rs 4,69,092 crore was the total indirect Taxes collection for 2017-18.


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