Direct tax revenue doubled to Rs 4.46 lakh cr in 5 yrs to FY11
May, 16th 2012
The government's revenue from direct tax collection rose by 94% to Rs 4,46,935 crore in 2010-11, from Rs 2,30,181 crore in 2006-07, Parliament was informed today.
Meanwhile, indirect tax collection rose to Rs 3,45,127 crore from Rs 2,41,538 crore during the same period, Minister of State for Finance S S Palanimanickam said in a written reply to the Rajya Sabha.
The revenue from tax collection rose due to "increase in GDP, changes in tax legislation and improved efficiency of tax administration," he said. He added that for the five year under review, the number of tax assesses fell in 2008-09 and 2010-11 from the previous years.
During these years, the number of income tax assesses were: 3.19 million (2006-07); 3.37 million (2007-08); 3.27 million (2008-09); 3.41 million (2009-10) and 3.37 million (2010-11), he said.