<p>India's tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31 as mop-up from income and other direct taxes as well as indirect taxes jumped, Revenue Secretary Tarun Bajaj said on Friday.</p>.<p>Gross tax collection of Rs 27.07 lakh crore during April 2021 to March 2022 compares with budget estimate of Rs 22.17 lakh crore, he told reporters here.</p>.<p>Direct taxes, which comprise income tax paid by individuals and corporate tax, came in at Rs 14.10 lakh crore – Rs 3.02 lakh crore higher than the budget estimate.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/state/top-karnataka-stories/new-tax-rules-to-make-life-costlier-for-rural-residents-1098674.html" target="_blank">New tax rules to make life costlier for rural residents</a></strong></p>.<p>Indirect taxes like excise duty stood Rs 1.88 lakh crore higher than the budget estimate. Against the budget estimate of Rs 11.02 lakh crore, indirect tax mop-up was Rs 12.90 lakh crore, he said.</p>.<p>While direct taxes showed a 49 per cent growth, indirect tax collections were up 30 per cent last fiscal, he added.</p>.<p>The tax-to-GDP ratio jumped to 11.7 per cent in FY22 from 10.3 per cent in FY21. This was the highest since 1999.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>India's tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31 as mop-up from income and other direct taxes as well as indirect taxes jumped, Revenue Secretary Tarun Bajaj said on Friday.</p>.<p>Gross tax collection of Rs 27.07 lakh crore during April 2021 to March 2022 compares with budget estimate of Rs 22.17 lakh crore, he told reporters here.</p>.<p>Direct taxes, which comprise income tax paid by individuals and corporate tax, came in at Rs 14.10 lakh crore – Rs 3.02 lakh crore higher than the budget estimate.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/state/top-karnataka-stories/new-tax-rules-to-make-life-costlier-for-rural-residents-1098674.html" target="_blank">New tax rules to make life costlier for rural residents</a></strong></p>.<p>Indirect taxes like excise duty stood Rs 1.88 lakh crore higher than the budget estimate. Against the budget estimate of Rs 11.02 lakh crore, indirect tax mop-up was Rs 12.90 lakh crore, he said.</p>.<p>While direct taxes showed a 49 per cent growth, indirect tax collections were up 30 per cent last fiscal, he added.</p>.<p>The tax-to-GDP ratio jumped to 11.7 per cent in FY22 from 10.3 per cent in FY21. This was the highest since 1999.</p>.<p><strong>Check out latest DH videos here</strong></p>