Gross tax revenue and personal income tax to GDP ratio at record levels in Q1

Rate to GDP (%), in April-June period of the year

For April - June 2021 (Q1 FY22), it is assumed that nominal GDP will grow by 24 per cent over Q1 FY21
Excludes Securities Transaction Tax, Equalisation Levy, but includes taxes on capital gains and mutual funds

Source: National Statistical Office, Union Budget documents, Income Tax Department