RBI information shows that direct taxes, which consist of earnings tax and business tax, had a share of less than 40%in total tax income of the centre and states. Total collection of corporate tax and earnings tax in April and May was Rs 52,707 crore, which is 14.6%less than the collection in April and May2019 While indirect tax collections vis-a-vis previous year’s collections enhanced in May, direct tax numbers appear to have actually followed the reverse trend.
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