Personal Tax Collection Higher Than Corporate Taxes: Gokul Chaudhri, President Of Tax, Deloitte India

There have been 12% greater revenues than last year, said Gokul Chaudhri, President of Tax, Deloitte India. "Around 13% growth is expected next year... The government started building upon years ago... If you recollect, in 2013 we had about 30 million taxpayers and today, there are 75 million. This is leading to greater collection and our surge in tax collection this year is putting our personal tax collection even higher than corporate taxes. We are seeing buoyancy happen in GST. We are seeing an increase in the tax base for personal income tax leading to 30% growth. Corporate taxes have been able to keep the momentum in spite of the fact that there was a phase of lowering the taxes to get to a more competitive global rate," he said.