Direct Tax-To-GDP Ratio Reaches Record High Of 6.64% In FY24 | Collections Surge 182% In 10 Years

Direct Tax-To-GDP Ratio Reaches Record High Of 6.64% In FY24 | Collections Surge 182% In 10 Years | N18GIndia's direct tax-to-GDP ratio has hit an all-time high of 6.64 percent in the fiscal year 2023-24, marking a significant achievement in tax collection in the last decade.. According to the latest 'Time Series Data' released by the Central Board of Direct Taxes (CBDT) on October 17, direct tax collections have surged by over 182 percent during the last decade, reaching more than Rs 19.60 lakh crore in FY24.Show more