Some Facts: (These are approx. figures for 2022-23) Central T | ECONOMY by VIVEK SINGH

Some Facts:
(These are approx. figures for 2022-23)

Central Tax to GDP ratio = 11%
Central Direct tax to GDP ratio = 6.1%
Central Indirect tax to GDP ratio = 4.9%

In the overall tax collections by the central government, direct tax collections accounted for 54.62 per cent share in financial year 2022-23, a four-year high. A higher direct taxes-to-indirect taxes ratio is considered progressive as indirect taxation hurts the poor more than direct taxes.[Indirect taxes are regressive]

States Tax to GDP ratio = 5%

(Centre + State) Tax to GDP ratio = (11% + 5%) = 16%

Central Direct Tax Buoyancy = %change in direct taxes / % change in nominal GDP

= 17.8% / 15.1% = 1.18

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