1. Direct Tax Collection (Rs. in crores)
Corporate Tax grew from 35696 in AY 2000-01 to 454419 in FY 2015-16 (12.73 times)
Personal Income Tax grew from 31764 in AY 2000-01 to 286801 in FY 2015-16 (09.03 times)
2. State/UT wise Collections (Rs. in crores)
Maharashtra continued to be the top contributor followed by Delhi and Karnataka
3. Direct Tax as % of Total of direct and indirect taxes
After the peak of 60% in FY 2009-10, direct taxes in FY 2015-16 dropped by approx 4% at 51.05% as compared to 56.16% in FY 2014-15.
4. Direct Tax as % of GDP
Direct Tax as % of GDP remained stable at approx 5.50% since 2011-12
5. Pre-Assessment and Post-Assessment Collections
TDS and Advance Tax continued to constitute at about 75% of the total gross tax receipts including self assessment/ regular assessment tax.
6. Number of effective assessees
While number of Individual tax payers top the list being 94.17% (48663680 numbers) in AY 2014-15, they grew by approx 19% as compared to AY 2011-12
However company constitutes only approx 1.38% of the effective taxpayers which is more of less the same as in AY 2011-12.
7. Workload and Disposal of Income tax Cases
Total work load disposal ratio for FY 2014-15 was 68.20% in contrast to 71.39% in FY 2011-12. The highest ratio was being achieved in FY 2002-03
Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…
Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…
Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…
Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…
Engagement of 'Young Professional' in the office of the PCCT Bihar & Jharkhand Engagement of 'Young Professional' in the office…
CGPDTM invites applications for hiring contractual manpower and Young Professionals The Controller General Patents, Designs & Trade Marks has invited…