India's Journey Towards a Robust Direct Tax Regime

Abstract

Indian fiscal health rests on direct taxes, individuals, and companies' payers. Their evolution closely parallels the trajectory of the nation's economy in terms of policy changes and economic progress, punctuated by external shocks. The research studies the trends of a decade from Fiscal year 2011-12 to FY 2020–21 regarding direct tax collection with special reference to how the COVID-19 pandemic has been instrumental in its transformation. This research will help provoke the possible trends, patterns, and growth rates to give a complete picture of direct tax revenue. The analysis will help understand the drivers for direct tax collection, be it government policies or the economy due to COVID-19. This study will likely be useful for policymakers, researchers, and others interested in India's fiscal policy and economic development.