Direct & Indirect Taxes Collection

In a written reply to a question in Lok Sabha MOS (Minister of State) Finance Shiv Pratap Shukla gave details about the tax collection numbers.

 As per the PIB (Press Information Bureau) the details of Net Direct Tax Collections during the Financial Year (FY) 2017-18 and FY 2018-19 (up to January, 2019) are as under:
Financial Year
Total Direct Tax
2017-18
10,02,037 crore
2018-19 (up to January 2019)
7,88,930 crore


The number of taxpayers under Direct Taxes for Assessment Year (AY) 2016-17 were 6.92 crore and for Assessment Year 2017-18, it increased to 7.41 crore.

The Direct-Tax GDP ratio for the FY 2017-18 is 5.98%. As far as the Direct Tax GDP ratio for the FY 2018-19 is concerned it is stated that Direct Tax GDP ratio is compiled after the end of the Financial Year. 

For more details on Direct Tax Collections - Please refer Direct Tax Collection FY 2018-19 April-December

*2018-19 data till January 2019                                                              Source: incometaxindia.gov.in


Indirect tax collection is divided into two parts:
  1. GST Collection
  2. Non-GST Collection
Details of the GST collected by Union of India is as under:-

Financial Year
Total Direct Tax
2017-18
2,03,260.29 crore
2018-19
3,31,369.85 crore

GST Gross Revenue Collection:


The actual collection of Indirect Taxes (Non-GST) is as under:-

Financial Year
Total Direct Tax
2017-18
4,69,092 crore
2018-19 (April-January)
2,89,661 crore


Stay tuned for more updates. Feel free to comment.

You may also like to Read:

Sixth Bi-monthly Monetary Policy 2018-19 | A Surprise Rate Cut?
https://politoeconomy.blogspot.com/2019/02/sixth-bi-monthly-monetary-policy-2018.html

 The Interim Budget 2019 Part-2 | Allocations for Major Schemes and Programs
https://politoeconomy.blogspot.com/2019/02/the-interim-budget-part-2-allocations.html

The Interim Budget 2019 Part-1 | Key Announcements
https://politoeconomy.blogspot.com/2019/02/the-interim-budget-2019-part-1-key.html

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