India Tax Revenue Analysis 2023-24
Tax revenue is the primary source of government income, comprising direct taxes (income tax, corporate tax) and indirect taxes (GST, customs, excise). The tax-to-GDP ratio reflects the efficiency of revenue collection and the breadth of the tax base.
Tax Revenue — 2023-24
21.53 lakh crore
Rs 21.53 lakh crore
Previous Year (2022-23)
19.22 lakh crore
Year-over-Year Change
+12.1%
Tax Revenue — 5-Year Trend
| Year | tax Revenue | total Rev Receipts |
|---|---|---|
| 2019-20 | Rs 13.57 lakh crore | Rs 16.84 lakh crore |
| 2020-21 | Rs 13.64 lakh crore | Rs 16.34 lakh crore |
| 2021-22 | Rs 16.89 lakh crore | Rs 20.73 lakh crore |
| 2022-23 | Rs 19.22 lakh crore | Rs 23.84 lakh crore |
| 2023-24 | Rs 21.53 lakh crore | Rs 26.64 lakh crore |
Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.
Budget Snapshot — 2023-24
Total Expenditure
43.15 lakh crore
Total Receipts
43.15 lakh crore
Capital Expenditure
9.49 lakh crore
Tax Revenue
21.53 lakh crore
Fiscal Deficit
5.6% of GDP
Interest Payments
10.85 lakh crore