Contribution of direct taxes falls below 50% after FY07


Neighbourhood News Desk/Vidhi Singh: According to the latest reports,the contribution of direct taxes in the total tax collection in 2016-17 has fallen below 50% to 49.66% for the first time since 2006-07 and also the CBDT data shows that direct tax collection in 2016-17 was ₹8.5 lakh crore while the indirect tax collection was ₹8.6 lakh crore. The direct tax collection stood at ₹7.42 lakh crore in the previous year.





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