Indian tax revenue surges by 37% in April-July 2015

Q.  By what percent Indirect tax revenue surged in April-July 2015?
- Published on 28 Aug 15

a. 12%
b. 19%
c. 25%
d. 37%

ANSWER: 37%
 
Indirect tax revenue jumped over 37.6 percent to over 2.1 lakh crore rupees during April-July period of current fiscal due to the higher excise collections. A press release issued by the Finance Ministry on 11th Aug’15 stated that the indirect tax collections were 1.53 lakh crore rupees during the similar period of the previous fiscal. While in July 2015-16, the indirect tax collections grew by 39.1 percent from a year ago period to 56,739 crore rupees.

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