As per Indian Union Budget estimates for financial year 2023, direct taxes accounted for 51.5 percent and indirect taxes accounted for 48.5 percent of total central tax collection in India. The source mentions that due to a cut in the corporate tax rate in 2019 and an increase in excise duty in financial year 2021, the share of direct taxes witnessed a fall following 2019. In a progressive tax system, the share of direct taxes is higher than indirect taxes.
Contribution of direct and indirect tax in total central tax in India from financial year 2018 to 2021, with estimates until 2023
*Revised estimate
**Budget estimate
India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.
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CBGA (India). (February 8, 2022). Contribution of direct and indirect tax in total central tax in India from financial year 2018 to 2021, with estimates until 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1356472/india-share-of-direct-and-indirect-tax/
CBGA (India). "Contribution of direct and indirect tax in total central tax in India from financial year 2018 to 2021, with estimates until 2023." Chart. February 8, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1356472/india-share-of-direct-and-indirect-tax/
CBGA (India). (2022). Contribution of direct and indirect tax in total central tax in India from financial year 2018 to 2021, with estimates until 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1356472/india-share-of-direct-and-indirect-tax/
CBGA (India). "Contribution of Direct and Indirect Tax in Total Central Tax in India from Financial Year 2018 to 2021, with Estimates until 2023." Statista, Statista Inc., 8 Feb 2022, https://www.statista.com/statistics/1356472/india-share-of-direct-and-indirect-tax/
CBGA (India), Contribution of direct and indirect tax in total central tax in India from financial year 2018 to 2021, with estimates until 2023 Statista, https://www.statista.com/statistics/1356472/india-share-of-direct-and-indirect-tax/ (last visited November 22, 2024)
Contribution of direct and indirect tax in total central tax in India from financial year 2018 to 2021, with estimates until 2023 [Graph], CBGA (India), February 8, 2022. [Online]. Available: https://www.statista.com/statistics/1356472/india-share-of-direct-and-indirect-tax/
