Direct tax mop-up drops as a proportion of GDP

Last updated: 22 May 2009

Despite 8% rise to Rs 3.38 lakh crore Author : Nivedita Mookerji/DNA The day before the new government is to take over, there was good news flowing from the finance ministry. According to its estimates, direct tax collection for the financial year 2008-09 has increased 8.33% over the previous year. The net direct tax collection in 2008-09 was Rs 3,38,212 crore, against Rs 3,12,202 crore in 2007-08. Collection of direct taxes has grown over three times, from Rs 105,088 crore in 200
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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