India’s direct tax collections jumped over 3-fold in last 10 years: Revenue Secy
07:13 AM Aug 23, 2024 IST | IANS
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New Delhi, Aug 22: India's direct tax revenues have increased from Rs 5.59 lakh crore to Rs 20 lakh crore a year over the last 10 years while the tax-to-Gross Domestic Product (GDP) ratio has increased to 6 per cent from 5.6 per cent over this period, according to Revenue Secretary Sanjay Malhotra.
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In his address on Income Tax Day, he also said that the Income Tax Department's focus on the use of technology was comparable with global practices to improve taxpayer services.
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