Revenue secretary Ajay Bhushan Pandey (in pic) said tax collections have increased in the last three years, thanks to demonetisation and various tax reform measures.
In a post-Budget interview to Financial Chronicle, Pandey said, "First, the tax grew by 15 per cent, then 18 per cent, this year it has grown by 20 per cent and in FY20 we have kept direct tax collection growth at 15 per cent. The GDP growth in nominal terms has been about 11 per cent. So, the tax buoyancy has ranged from 1.5 to touching nearly 2. This is a good trend.”