Tax-GDP ratio rises to a 15-year high of 6.11% during FY23, shows data
A year earlier, nominal GDP grew by 19.51 per cent, but direct tax collections rose by 49.12 per cent. Thus, direct taxes grew at a rate which was 2.52 times the GDP growth rate in nominal terms
A year earlier, nominal GDP grew by 19.51 per cent, but direct tax collections rose by 49.12 per cent. Thus, direct taxes grew at a rate which was 2.52 times the GDP growth rate in nominal terms
