<h1>Direct Tax-GDP Ratio Hits Decade High in FY 2017-18; Tax Compliance and Filings Show Significant Growth.</h1> The Central Board of Direct Taxes (CBDT) released updated direct tax statistics, revealing a consistent increase in the direct tax-GDP ratio over the past three years, reaching 5.98% in FY 2017-18, the highest in a decade. The number of tax returns filed grew by over 80% from FY 2013-14 to FY 2017-18, with a 65% rise in individual filers. Income declarations rose by 67% from AY 2014-15 to AY 2017-18, indicating improved compliance. Taxpayers reporting income above Rs. 1 crore increased significantly, with corporate and individual average tax payments also rising. The data aids in analyzing long-term tax administration trends.