The direct tax-to-GDP (Gross Domestic Product) ratio reached an all time high of 6.11 per cent at the end of FY23, detailed data released on Tuesday by Central Board of Direct Taxes (CBDT) showed. The ...
Direct tax revenue as a share of gross domestic product (GDP) touched a record 6.1% in FY23 amid a strong growth in mop-ups and an increase in the number of tax payers, the Central Board of Direct ...