Revenue Bound to Row with Increasing Tax Payer Base: Arun Jaitley

New Delhi: With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday. Addressing the Comptroller and Auditor General’s (CAG) Accountants General conference here, Jaitley said that other developments like measures against black money and use of technology to monitor transactions have helped increase government’s resources. “There has been a gradual increase in tax collections at around 15-20 per cent every year,” he said. (IANS)