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Wednesday, May 16, 2012

Increase in Number of Tax Payers



Increase in Number of Tax Payers

The number of effective income tax assesses as well as the number of registered Central Excise and Service Tax assesses during the years 2006-07 to 2010-11 are as under:

Financial Year
Income Tax Assesses
Central Excise
Service Tax
2006-07 31903137 92035 947970
2007-08 33662801 96719 1070068
2008-09 32650627 100163 1221846
2009-10 34085426 101709 1224316
2010-11 33739124 113482 1300226

The amount of revenue collected from direct and indirect taxes during the period 2006-07 to 2010-11 is given below:


Financial Year
Direct Tax
Indirect Taxes
2006-07 230181 241538
2007-08 314330 279031
2008-09 333818 269433
2009-10 378063 245367
2010-11 446935 345127

Details of sources which contributed to increase in revenue collection is not separately maintained.
However, the primary reason for increased revenue collection are increase in GDP, changes in tax legislation, improved efficiency of tax administration, etc. This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in the Rajya Sabha today.

PIB

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EMPLOYEES NEWS, INCOME TAX, Latest Releases from PIB

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