Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data

Net direct tax collections surged by 160.52% from Rs. 6,38,596 crore in F.Y. 2013–14 to Rs. 16,63,686 crore in F.Y. 2022–23, reflecting strong fiscal growth. Gross direct tax collections reach Rs. 19,72,248 crore in F.Y. 2022–23, marking a remarkable 173.31% increase compared to Rs. 7,21,604 crore in F.Y. 2013-14.