CBDT issues Key Direct Tax Statistics through Time Series Data

The Central Board of Direct Taxes (CBDT) has periodically released important statistics on Direct Tax collection and administration to the public. In order to continue its efforts to make more information available to the public, the CBDT has released Consolidated Time-Series data that has been updated up to the financial year 2022-23.

The key highlights of some of these statistics are as under:

1. Net Direct Tax Collections have increased by 160.52% from Rs. 6,38,596 crore in FY 2013-14 to Rs. 16,63,686 crore in FY 2022-23.

2. Gross Direct Tax Collections of Rs. 19,72,248 crore in F.Y. 2022-23 have registered an increase of over 173.31% compared to Gross Direct Tax Collections of Rs. 7,21,604 crore in FY 2013-14.

3. The direct tax to GDP ratio has risen from 5.62% in FY 2013-14 to 6.11% in FY 2022-23.

4. The Cost of collection has decreased from 0.57% of total collection in the F.Y. 2013-14 to 0.51% of total collection in the F.Y. 2022-23.

5. The total number of ITRs filed in FY 2022-23 stands at 7.78 crore showing an increase of 104.91% as compared to the total number of ITRs of 3.80 crore filed in FY 2013-14.

The availability of Time-Series data in the public domain would aid academics, research scholars, economists, and the general public in evaluating long-term trends in various indices of the effectiveness and efficacy of Direct Tax administration in India. This time series data is also available on the Income Tax Official website.

To Read Time Series Data Download PDF Given Below: