Direct taxes, which comprise revenue tax paid by people and company tax, got here in at Rs 14.10 lakh crore — Rs 3.02 lakh crore increased than the funds estimate.
Oblique taxes like excise obligation stood Rs 1.88 lakh crore increased than the funds estimate. Towards the funds estimate of Rs 11.02 lakh crore, oblique tax mop-up was Rs 12.90 lakh crore, he stated.
Whereas direct taxes confirmed a 49 per cent development, oblique tax collections had been up 30 per cent final fiscal, he added.
The tax-to-GDP ratio jumped to 11.7 per cent in FY22 from 10.3 per cent in FY21. This was the very best since 1999.