Income Tax

Income Tax Department Time Series Data Statistics/Analysis Financial Year 2000-01 to 2014-15

Income Tax Department Time Series Data Statistics/Analysis  Financial Year 2000-01 to 2014-15

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

Download Full Time Series Analysis from FY 2000-01 to 2014-15

----------- Similar Posts: -----------
Share

Recent Posts

  • Income Tax

Addition u/s 40A(3) for cash payment to labourers for loading charges deleted

Addition u/s 40A(3) for cash payment to labour for loading charges deleted by ITAT In a recent judgment, the ITAT…

11 mins ago
  • Income Tax

Addition u/s 68 deleted as AO failed to find any discrepancy in details submitted

Addition u/s 68 deleted as AO failed to find any discrepancy in details of creditors submitted by the assessee In…

5 hours ago
  • Empanelment

Jharkhand Rajya Gramin Bank-Empanelment of retired officers as Concurrent auditors

Jharkhand Rajya Gramin Bank - Empanelment of retired officers of banks as Concurrent auditors on contract basis Jharkhand Rajya Gramin…

6 hours ago
  • Income Tax

Book Profit u/s 115JB can not be computed as per cash basis of accounting

Book Profit u/s 115JB to be computed as per Profit & Loss Account prepared under Schedule III of the Companies…

8 hours ago
  • Income Tax

Order not in conformity of Faceless Assessment Scheme if not est? – ITAT remands case

Order not in conformity of Faceless Assessment Scheme 2019 if not est? - ITAT remands the case in view of…

2 days ago
  • FCRA

Extension of the validity of FCRA registration certificates till 30.09.2024

Extension of the validity of FCRA registration certificates till 30.09.2024 Home Ministry has decided to extend the validity of FCRA…

2 days ago