India’s net direct tax collections amounted to ₹14,09,640.83 crore for FY22, which is the highest collection ever, signalling that the Indian economy has bounced back after two years of the pandemic.



  • As against ₹14.09 lakh crore this year, our collection in 2020-21 was only ₹9.45 lakh crore. In a single year, we moved upward by nearly ₹4.5 lakh crore, registering a growth of 49%.
  • The collection is the best-ever as far as income tax and corporation tax are concerned.
  • The direct tax-to-GDP ratio is around 12% and the CBDT was working to raise the ratio to 15-20% in 5-10 years.
  • The direct tax collection this year has surpassed the indirect tax collection which was other way round till last year. Direct tax collections is now 52% and the CBDT aims to look at 60% of tax contribution coming from direct taxes in some years.


About CBDT –

  • It is a statutory body established as per the Central Board of Revenue Act, 1963.
  • It is India’s official financial action task force unit.
  • It is administered by the Department of Revenue under the Ministry of Finance.
  • It deals with the levying and collection of direct taxes. It also has auditing and investigative powers.
  • The members of the CBDT are drawn from the Indian Revenue Services.