According to the data of the Income Tax Department, from the financial year 2000-01 to 2019-20, the tax participation of the common people has been less than the corporate tax every year.
Prime Minister Narendra Modi. (File Photo)
On the front of direct tax collection, the Modi government has broken the history of 21 years. In fact, earlier it used to be that the share of companies in direct tax collection was more, but this is the first time in 21 years when the share of common people has increased much faster than the companies. According to the data of the Income Tax Department, the total direct tax collection in the financial year 2020-21 has been Rs 9.45 lakh crore. In this, corporate tax collection has been Rs 4.57 lakh crore while personal income tax collection has been Rs 4.69 lakh crore and other tax is Rs 16,927 crore.
If we look at the data of history, it has been seen from the beginning that the share of corporate in tax has been high. According to government data, the total direct tax collection in the financial year 2000-01 was Rs 68,305 crore. In this, corporate tax collection was Rs 35,696 crore, personal income tax collection was Rs 31,764 crore and other tax collection was Rs 31,764 crore.
such changing circumstances
According to the data of the Income Tax Department, from the financial year 2000-01 to 2019-20, the tax participation of the common people has been less than the corporate tax every year. But this is the first time in the financial year 2020-21 that the corporate tax collection has been Rs 4.57 lakh crore. While the income tax collection during this period has been Rs 4,69 lakh crore. Talking about the time when the Modi government took power in the year 2014, during that time the figure of corporate tax was 4.28 lakh crores while the income tax was only 2.65 lakh crores.
7 years direct tax collection
|financial year||corporate tax||Income Tax|
|2020-21||4.57 lakh crore||4.69 lakh crore|
|2019-20||6.78 lakh crore||5.55 lakh crore|
|2018-19||7.69 lakh crore||5.28 lakh crore|
|2017-18||5.71 lakh crore||4.19 lakh crore|
|2016-17||4.84 lakh crore||3.49 lakh crore|
|2015-16||4.53 lakh crore||2.87 lakh crore|
|2014- 15||4.28 lakh crore||2.65 lakh crore (Source: Income Tax Department)|
increased participation of the general public
If we look at the records of the Modi government of the last year itself, this is the first time in these 7 years that even after Corona, the tax collection of the general public is heavy on the corporate. However, due to Corona, there has been a decrease in the total tax collection for the financial year 2020-21. But despite Corona, common people have played their share in increasing the tax.
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