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“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.
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.