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Direct tax buoyancy again falls sub-2% in 2022-23

It should be noted that direct tax collection figures are still provisional and GDP figures are on the basis of second advance estimates for 2022-23. The actual figures may change the outcome slightly

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4 min read Last Updated : May 09 2023 | 10:28 AM IST

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The direct tax buoyancy had risen to a 19-year high of 2.5 per cent in 2021-22 but it again fell to 1.1 per cent the next year. This means that though the direct tax growth was a bit over than gross domestic product (GDP) growth rate, it was nowhere more than double the rate at which the economy expanded in 2023-23.

The Central Board of Direct Taxes (CBDT) gave various aspects of direct taxes recently since 2000-01, but those were till 2021-22. This exercise can be extended till 2022-23 to understand how the year performed in terms of tax buoyancy

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