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08
February 2019
 |
India
(The Total Investment & Insurance Solutions)
Net direct tax collection during the
April-January period of current fiscal stood at Rs 7.89 lakh crore, Parliament
was informed on Friday.
In a written reply to a question in the Lok
Sabha, Minister of State for Finance Shiv Pratap Shukla said there were 9.92
crore direct taxpayers in Assessment Year 2016-17, which increased to 7.41
crore in 2017-18. A taxpayer is a person who either files a return of income or
in whose case tax has been deducted or paid.
Total direct tax collection in 2017-18 stood
at Rs 10.02 lakh crore. In April-January period of current fiscal, total direct
tax collection stood at Rs 7,88,930 crore. In the revised estimates for current
fiscal, the government has pegged direct tax collection at Rs 12 lakh crore.
In the 2017-18 fiscal, the Direct TaxGDP
ratio stood at 5.98 per cent. The Total
Investment & Insurance Solutions
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