Proportion of direct taxes below 50% for 1st time since FY07
The contribution of direct taxes in the total tax collection in 2016-17 has fallen below 50% to 49.66% for the first time since 2006-07. CBDT data shows that direct tax collection in 2016-17 was â¹8.5 lakh crore while the indirect tax collection was â¹8.6 lakh crore. The direct tax collection stood at â¹7.42 lakh crore in the previous year.