The Economic Survey of India, 1997

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Sources of Tax Revenue
[TABLE 2.9]

 

 

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

 

Tax Revenue as Percentage of Gross Tax Revenue

Direct Taxes(a)

22.6

24.3

26.8

29.2

29.5

29.5

Personal tax

10

10.6

12

13

13.7

13.5

Corporation tax

11.7

11.9

13.3

15

14.7

14.8

Indirect Taxes(b)

75.5

73.7

71.6

70.6

70.3

70.3

Customs

33

31.9

29.3

29

32

33.6

Excise

41.7

41.3

41.8

40.5

37.2

35.5

 

Tax Revenue as Percentage of Gross Domestic Product*

Direct Taxes(a)

2.5

2.6

2.5

2.8

3

3.1

Personal tax

1.1

1.1

1.1

1.3

1.4

1.4

Corporation tax

1.3

1.3

1.2

1.4

1.5

1.6

Indirect Taxes(b)

8.3

7.8

6.7

6.8

7.1

7.4

Customs

3.6

3.4

2.7

2.8

3.2

3.5

Excise

4.6

4.4

3.9

3.9

3.7

3.7

Gross tax revenue(c)

10.9

10.6

9.4

9.7

10

10.6

  1. Refers to Gross Domestic product at current market prices. For the year 1996-97, the ratio has been arrived at by estimating the GDP figure. Tax revenue figures for the years 1995-96 and 1996-97 are revised and budget estimates, respectively, and for earlier years these are accounts.

  2. Includes expenditure, interest, wealth, gift taxes & estate duty.

  3. Includes other taxes and duties and service tax; (c): Includes taxes referred in (a) & (b) and taxes of Union Territories.

 

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The Economic Survey Of India, 1997

Document released by the Ministry of Finance, Government of India, on 25th February, 1997.
Made available on the Web on the same day, by MediaWeb India, on
The Indian Economy Overview (http://www.m-web.com).

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