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
When assessee failed to explain source of purchases expenditure, estimating profit rate was contrary to provision of Section 69C which…
Income Tax Department not trusted even upon its lawyers – SC slams ITD on adopting a long process resulting delay…
When goods are loaded in two trucks with one e-way bill specifically mentioning both truck numbers, no intention to evade…
GOI makes four new Labour Codes effective from 21st November 2025 Government of India has announced that the four Labour…
Provident fund dues definitely have a first charge over claim of bank under SARFAESI Act – Supreme Court In a…
CBDT notifies the Capital Gains Accounts (Second Amendment) Scheme, 2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT…