CBDT Releases Time-Series Data of Direct Tax Statistics Updated Up to FY 2023-24
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- Last Updated on 18 October, 2024
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Press Release, dated 16-10-2024
The CBDT has released the key Direct Tax collection and administration statistics. The CBDT has further released Time-Series data updated up to Financial Year (FY) 2023-24. The key highlights of some of these statistics are as under:
- Net Direct Tax Collections: Net Direct Tax Collections have increased by 206.95% from Rs. 6,38,596 crores in FY 2013-14 to Rs. 19,60,166 crores in FY 2023-24
- Gross Direct Tax Collections: Net Direct Tax Collections have increased by 206.95% from Rs. 6,38,596 crores in FY 2013-14 to Rs. 19,60,166 crores in FY 2023-24
- Direct Tax to GDP ratio: Direct Tax to GDP ratio has increased from 5.62% in FY 2013-14 to 6.64% in FY 2023-24.
- Cost of collection: The Cost of collection decreased from 0.57% of total collection in FY 2013- 14 to 0.44% of total collection in FY 2023-24.
- Number of ITRs filed: The total number of ITRs filed in FY 2023-24 stands at 8.61 crores, showing an increase of 126.58% as compared to the total number of ITRs of 3.80 crores filed in FY 2013-14.
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