Gujarat Among Top 5 in Income Tax Contributions, Collects Rs 3.46 Lakh Crore

Gujarat has solidified its position as one of India’s top contributors to income tax, with a remarkable cumulative collection of ₹3.46 lakh crore over the past five years, according to a recent report by the State Bank of India. The state is among the top five contributors to India’s direct tax revenue, forming part of an elite group of five states that account for a combined 72% of the nation’s total direct tax collections. In the fiscal year 2023-24, Gujarat’s income tax collection saw an impressive 88% surge, amounting to ₹93,300 crore compared to ₹49,517 crore in 2019-20. Women in the state represented 14% of individual income tax filers, a figure slightly below the national average of 15%. Despite its significant contributions, Gujarat’s per capita tax payment remains below the national average, even though the state’s per capita income is higher. States similar to Gujarat in tax profile include Andhra Pradesh, Uttarakhand, Haryana, and Kerala.