Thirty years ago, less than 20% of the Centre’s tax revenue came from income tax and other direct taxes. More than 80% came from indirect taxes like custom and excise duties that the rich and the poor pay equally on purchase of goods and services. Today, direct taxes that are imposed on the country’s relatively well-off population account for more than half of the Centre’s total tax revenue...
25.6.19
Direct Tax contribution increases
Thirty years ago, less than 20% of the Centre’s tax revenue came from income tax and other direct taxes. More than 80% came from indirect taxes like custom and excise duties that the rich and the poor pay equally on purchase of goods and services. Today, direct taxes that are imposed on the country’s relatively well-off population account for more than half of the Centre’s total tax revenue...
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