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Collection and Contribution to Governments Revenue

 

 

The Revenue from Direct Taxes, as a percentage of Gross Tax Revenue of the Government of India over the years, has been steadily increasing as can be seen from the table below:

 
Financial Year 1990-1991 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999(R.E.) 1999-2000(B.E.)

Direct Taxes

19.1

29.2

30.2

30.2

34.7

33.5

33.5

Personal Income Tax

9.3

13

14

14.2

12.3

14.4

14.9

Corporate Income Tax

9.3

15

14.8

14.4

14.4

18.2

17.8

(Source : Indian Economy Survey 1998-99, Budget 1999-2000)

The Collection of Taxes in the charge of Chief Commissioner of Delhi has also risen steadily as indicated in the table below. (Rupees One Crore is equal to Rupees Ten Million)

 
Financial Year Total Collections
Rs. In Crores

1994-95

3,556

1995-96

4,586

1996-97

5,728

1997-98

7,083

1998-99

8,341

(Source : Directorate of RSP & PR, I.T. Department)

Direct Taxes collections of the Central Government
[ Source : Budget documents, Government of India]

 
YEAR AMOUNT COLLECTED
Rs. In Crores

1985-86

5563

1986-87 6236

1987-88

6748

1988-89

8825

1989-90

10005

1990-91

11024

1991-92

15207

1992-93

18132

1993-94

20298

1994-95

26966

1995-96

33563

1996-97

38891

1997-98

48274

1998-99(R.E.) 49854
1999-2000(B.E.) 56135

Direct Taxes include:-1.Corporation Tax 2.Income Tax 3.Interest Tax 4.Expenditure Tax 5.Wealth Tax 6.Gift Tax 7.Estate Duty

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