Direct Tax Collection: A Comprehensive Analysis from 2013 to 2024

The Direct Tax Collection statistics are a testament to India's evolving tax landscape. Over the past decade, substantial growth in collections has been observed, reflecting economic expansion, improved compliance, and effective administration.

Key Highlights of Direct Tax Collection (2013-2024)

The table provides a breakdown of Corporate Tax, Personal Income Tax, and Other Direct Taxes, showcasing their contribution to the total direct tax collection over the years.

  1. Corporate Tax:

    • Significant growth from ₹3,94,678 crore in 2013-14 to ₹9,11,055 crore in 2023-24.
    • Reflects robust business activity and better tax compliance by corporates.

  2. Personal Income Tax:

    • Increased from ₹2,42,888 crore in 2013-14 to ₹10,45,139 crore in 2023-24.
    • Indicates rising individual incomes and improved filing rates.

  3. Total Direct Tax Collection:

    • Surged from ₹6,38,596 crore in 2013-14 to ₹19,60,166 crore in 2023-24.

What This Growth Represents

  1. Economic Development: Higher collections align with economic growth and rising incomes.
  2. Improved Compliance: Implementation of technology and stringent regulations ensures better compliance.
  3. Increased Contributions: Both individuals and corporates have significantly contributed to national growth.

Taxla Services: Your Trusted Tax Partner

At Taxla, we simplify the tax compliance journey for individuals and businesses. From income tax filing to corporate tax advisory, we ensure your taxes are handled with precision and care.

Our Core Services Include:

  • Corporate Tax Filing & Compliance
  • Personal Income Tax Filing
  • TDS/TCS Advisory
  • Strategic Tax Planning

Get in Touch with Us

Our experienced professionals are here to help you meet your tax obligations seamlessly.

📞 Contact us today: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

#DirectTaxInsights #TaxCompliance #IncomeTax #CorporateTax #TaxlaServices #FinancialPlanning #StayCompliant



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