“The tax-to-GDP ratio should be at an all-time high next year at 11.7% from 11.6% this year and 11.2% in 2022-23. This is primarily because of direct taxes increasing from 6.1% of GDP in 2022-23 to 6.6% this year and 6.7% next year, which is more equitable,” Mr.
Feb 6, 2024
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Feb 4, 2024 · According to Union revenue secretary Sanjay Malhotra, India should now aim for a higher tax-to-GDP ratio of 30 percent, to be on par with ...
Tax revenue (% of GDP) - India. International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
Tax as % of GDP (2020) ; Asia. India, 18.08, $10,505.3, $1,899.36 ...
It is to be noted that notwithstanding the unprecedented tax collections in FY 2021–22, India's tax-to-GDP ratio stands at just 11.7% in regard to federal taxes ...
Jul 16, 2024 · India's tax-to-GDP ratio at 16.6% has traditionally been lower than other comparable developing economies by an average of 5.4%. Among the many ...
Dec 22, 2023 · Interim Budget 2024: India's tax-to-GDP ratio fluctuated from 11% in FY19 to 9.9% in FY20 due to COVID-19, slightly rising to 10.2% in FY21.
Feb 7, 2024 · Expected Surge: India's tax-to-GDP ratio is projected to hit 11.7% in 2024-25, showcasing a steady increase from 11.6% in the preceding year and ...
Jul 26, 2024 · India's tax to GDP ratio is higher than believed, with proposed capital gains tax changes not negatively impacting real estate.
India Tax revenue: % of GDP was reported at 7.6 % in Mar 2024. See the table below for more data.