Data

golden rummy cards,cricket match referee,basketball camp usa summer

Tax revenues increase due to sharp rise in union excise duties  

In FY21, despite a stringent lockdown and a raging COVID-19 first wave, the gross tax revenue collected by the Centre increased over FY20. However, the increase was made possible by a sharp rise in contributions from union excise duties. This compensated for the sharp drop in the share of corporate tax collection. The shift in tax burden from the corporates to the masses has come at a time when the pandemic has led to many job losses and reduced income levels thereby pushing more people into poverty.

bet365-number-of-customers

how-to-calculate-khai-lagai,Despite a national lockdown, the gross tax revenue grew in FY21 compared to FY20. About 20.24 lakh crore was collected in FY21.

image/svg+xml

Chart appears incomplete? Click here to remove AMP mode

basketball-kaufen-rosenheim

backyard-basketball-hoop,In FY21, the share of income tax (23.2%) in the gross tax revenue exceeded the contribution from corporate tax (22.6%). The Central Goods and Services Tax also contributed a similar share (22.5%). The contribution from union excise duties rose sharply from 12% to 19.2% compensating for the loss in share from corporate tax which fell sharply from 27.7% to 22.6%.

image/svg+xml

Chart appears incomplete? Click here to remove AMP mode

montreal-west-tennis-camp

football-target-practice,According to the Pew Research Center, the number of poor people in golden rummy cards (incomes <=$2 a day) is estimated to have increased from almost 6 crore to 13.4 crore due to the pandemic. The chart shows the estimated number of people (in crore) in each income tier in 2020 before and after — the COVID-19 induced lockdowns.

image/svg+xml

Chart appears incomplete? Click here to remove AMP mode

Also read: CII urges ₹3-lakh crore stimulus

basketball-dunk-contest

cricbuzz-ipl,In FY21, while fuel consumption decreased by more than 10%, the contribution of union excise duties to the overall tax revenue increased by 7% points.

image/svg+xml

Chart appears incomplete? Click here to remove AMP mode

Also read: BJP members of House panel flag rising fuel prices

match-bet-accumulator

 ,is-bovada-safe-and-legal

better-rate-mortgage

itf-seniors-ranking


Our code of editorial values

Related Topics
This article is closed for comments.
Please Email the Editor

leovegas-app-android, Printable version | Jul 30, 2021 9:40:10 AM | http://greenayush.in/data/data-centres-tax-revenues-grew-despite-stringent-lockdown-on-the-back-of-excise-duties/article34850754.ece

Next Story
webmaps
andhar bahar cash gameandhar bahar onlineasia live techbaccarat for a livingbaccarat onlinebat 365 com cricketbat365 cricketbe t 365bengal warriors pro kabaddibest betting tips site
22bet10cric365betcasinoandarbaharandargamebetcasinobetsportbetawayscampobetcashgamecricbuzzcricketcricketbetbetwaysbetwinnersitecleopatrakabaddileovegascasinoonlineFootyquorasportstipstersApuestasCasinosrouletteClaimCasumoBetIndian