Statsguru: Some insights on govt's direct tax revenue collection in FY18

The tax department has released the data on the source-wise collection of income tax and corporate taxes for the assessment year 2018-19, which pertains to direct tax revenue collected on incomes earned in the financial year 2017-18. It offers some interesting insights. 

Direct taxes, as a share of total tax revenue, rose to 55 per cent, close to its average level in the last few years (Chart 1). This ratio had declined for a brief period due to a higher collection from excise duties on petrol and diesel. More and more direct tax is now deducted directly from the income