![Tax Revenue Collection in FY 22 Tax Revenue Collection in FY 22](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCSW5lIa3F4MsJOtiWpFDwGfSeuR4t4La4Zih1vEB-UixCZ5Z6VE92hzFnIzDQ4UshjG3BJOo1o9byJWuhtpeVfE0lGEiMwPcMfmUtU8j5XVQL5Oo7WVtFJ792n7m_74FCqaNx9Z4AOZmBDDLiI22Z0x7Vlcz1ycFY_KaXRmeFyUnm1btLiuKTF2m2mg/w320-h180-rw/Tax.jpeg)
- The total Tax revenue collected is INR27.17 lakh crore against the budget estimate of INR 22.17 lakh crore. This is a growth of 34% over last year’s tax revenue (which was 20.27 lakh crore).
- Direct tax grew by 49% and indirect tax by 20%.
- Tax-GDP ratio was the highest at 11.7%.
- Gross Corporate tax collection – INR 8.6 lakh crore.
- CGST revenue – INR 5.9 lakh crore.
- Customs Duty witnessed a growth of 48%.
Question:
Q.1 What was the tax-GDP ratio for the year FY 22?
a. 9.7%
b. 11.7%
c. 12.7%
d. 13.7%
a. 9.7%
b. 11.7%
c. 12.7%
d. 13.7%