As per CBDT, a taxpayer is a person who  has filed a return of income for the relevant assessment year (AY) or in  which  case tax has been deducted at source  during  the relevant financial year but the taxpayer has not filed the  return. 

  The direct  tax-to-GDP ratio, which reflects the share of taxes in  total  output generated in the country,  touched  a 15-year high of  6.11%  in  fiscal  2022-23,  according to  time-series data  announced  by the  power plant.

 The Department  of Direct Taxes (CBDT) under the Ministry of Finance showed  this on  Tuesday. This  comes with  an increase in the  number of Indian taxpayers  to 7.4 crore in FY23, up  6.3% over  FY22, even as  fiscal momentum –  the  pace of taxes compared to  the  nominal  growth rate of  the economy – decreased to 1.18.  in  2022-23, compared with  2.52 in 2021-22 and 1.29 in the pre-Covid year  2018-19. 

  Tax revenue expenditure – which represents the share  of  spending  on tax collection  in  total tax  revenue – fell slightly  to  0.51%  in FY23, the lowest level since 2000-01, but  increased in absolute  terms.  to Rs 8,452 crore, the highest  since 2000-01, the year for which data  was  last available,  according to  CBDT  data.  

  Fiscal momentum  stood at (-)1.21 in 2019-20 and it  has  not  been calculated  for  FY  2020-21  due to fall in  nominal GDP and tax  revenue over  the previous year. Tax  momentum  improved to 2.52 in 2021-22 due to  low base effect. Now,  the  tax  dynamic has declined  to 1.18 in  2022-23, although tax  growth  was recorded at  17.79%  in 2022-23, higher than  the  nominal GDP  growth of 15.11 %.  

 A tax  dynamic  greater than 1 reflects a faster  rate of tax  growth  relative to  the  country’s  national income.  

 Net direct tax collections, which reflect collections after  tax  refunds,  “rose 160.52%  to Rs 16.63  billion  in FY  2022-23, compared to  Rs 6.39  billion  in  2013-14,”  CBDT said in a  report. declare. He said total  direct tax  revenue  stood at Rs 19.7 lakh crore in FY 2022-23,  up  173.3 per cent from Rs 7.21 lakh crore in FY  2013-14.  On a  year-over-year  basis, net direct tax  revenue  increased  17.8%,  while  total  direct tax  revenue increased 20.5%.  

 While the number of  income tax  filers  increased to 7.4 crore in  the  financial year 2022-23,  of which 6.97 crore were individuals,  there is no  corresponding data  on taxpayers.  In the previous financial year 2021-22, while  taxpayers  stood at 6.96 crore (with 6.55 crore individuals),  total  taxpayers stood at 9.37 crore  –  a  difference  of 2.41 crore  crore – this shows  that a significant number of taxpayers are  taxed through  as TDS but  do  not  file  income tax returns.  

 As per CBDT, a taxpayer is a person who  has filed a return of income for the relevant assessment year (AY) or in  which  case tax has been deducted at source  during  the relevant financial year but the taxpayer has not filed the  return. 

  Of  the  government’s total  tax  revenue,  direct tax  revenue  accounted for 54.62 per cent  in  the  financial year 2022-23,  the highest in four years. The  share of  direct  taxes  in total taxes  stood at  52.27%  in FY22,  46.84%  in FY21,  52.42%  in FY20 and  54.83%  in  FY19 .A  higher  ratio of  direct  taxes  to indirect taxes  is considered progressive  because  indirect  taxes hurt  the poor more than direct taxes.  

 Among states and union territories, Maharashtra accounted for 36.4 per cent (Rs 6.05 lakh crore) of the  country’s total  direct tax  revenue  in the financial year 2022-23, followed by Delhi  with 13, 3%  (Rs 2.22 lakh crore),  from Karnataka.  at  12.5% ​​(Rs  2.08 lakh crore) and Tamil Nadu at  6.4%  (Rs 1.07 lakh crore).  Collectively,  these four states accounted for  68.6%  of  total  direct tax  revenue  in FY23. 

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