Wednesday, May 13, 2015

Direct Taxes Contribute more than 56% to total Central Taxes

Press Information Bureau
Government Of India
Ministry of Finance
(12-May, 2015 17:29 IST )

Direct Taxes worth Rs. 6,95,988 Collected Druing 2014-15; Direct Taxes Contribute more than 56% to total Central Taxes During 2013-14 and 2014-15

The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:
Financial yearRevised EstimatesDirect Taxes collections
2012-135,65,8355,58,658
2013-146,36,3186,38,543
2014-15*7,05,6286,95,988
*provisional/unaudited

The percentage of contribution of direct taxes to the total Central Taxes (direct and indirect) is as under:
Financial yearDirect TaxesIndirect TaxesTotal Central Taxes (direct and indirect)Direct Taxes as % of Total Central Taxes
2012-135,58,6584,74,48210,33,14054.07%
2013-146,38,5434,97,06111,35,60456.22%
2014-15*6,95,9885,44,15712,40,14556.12%
*provisional/unaudited

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Rajya Sabha today.


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